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You can smell the fragrance of your deodorant when you just put it on, but after a little while the smell fades.What explains this phenomenon?
Total Income
The sum of all earnings obtained from work, investments, and other sources before any deductions.
Total Taxes
The combined amount of all taxes levied by a government on individuals, corporations, and other entities.
Tax Rate Structure
The organization of tax rates into different brackets or categories, which determines the amount of tax levied on income, property, sales, etc.
Progressive Tax
A tax system in which the tax rate increases as the taxable amount increases, placing a higher burden on wealthier individuals.
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