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Elasticity of Labor Supply
The responsiveness of workers to change their supply of labor (hours worked) in reaction to changes in wage rates.
Payroll Tax
Tariffs levied on employers and employees alike, generally calculated by a fraction of the workers' salaries.
Regressive
Describes a tax or policy that disproportionately affects lower-income individuals, typically by taking a larger percentage of their income.
Payroll Tax
Burdens placed on employers along with their employees, customarily determined as a percentage of the staff's wages.
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