Examlex
Research comparing CATs to traditional tests suggest that
Corporate Income Tax
A tax levied on the net income (accounting profit) of corporations.
Property Taxes
Levies on property that owners are required to pay, usually based on the value of the property.
Sales
The transactions where goods or services are exchanged for money or considerations.
Marginal Tax Rate
The rate at which the next dollar of taxable income would be taxed, reflecting the progressive nature of tax systems.
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