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Social Insurance Tax
Taxes imposed on employees and employers to fund public insurance programs, such as social security, health care, and unemployment benefits.
Social Security
Social Security is a government system that provides financial assistance to people with an inadequate or no income, primarily the elderly, disabled, and survivors.
Income Support
Government-provided financial assistance aimed at ensuring individuals can meet a minimum standard of living.
Efficient Tax System
An efficient tax system is one that collects government revenues with minimal economic distortion, allowing for effective allocation of resources without significantly hampering growth.
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