Examlex
Temporary tax cuts tend to stimulate consumer spending at the same rate as permanent tax cuts.
Regressive Nature
Describes policies or taxes that disproportionately affect lower-income individuals compared to higher-income ones.
Life Expectancy
The average period that a person may expect to live, based on statistical averages for a particular population.
Social Security Retirement System
A government program that provides retirement income to eligible retirees, funded by payroll taxes from current workers and employers.
Income Redistribution
A policy aimed at balancing economic inequality by reallocating wealth and income from wealthier segments of society to poorer ones through taxes, welfare systems, or other means.
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