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Federal Tax Revenue
The income received by the federal government from taxes imposed on individuals, corporations, and other entities, used to fund public goods and services.
Payroll Tax
Taxes imposed on employers and employees, calculated as a percentage of the salaries that employers pay to their staff.
State Tax Revenue
Funds collected by state governments through various forms of taxation, such as income tax, sales tax, and property tax, to finance public services.
Tax Reform Act
Legislation aimed at revising and simplifying the tax code, often including changes to tax rates, deductions, and credits.
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