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How do interest groups influence government officials?
After-tax Salvage Value
The net value of an asset after it has been sold and all related taxes have been paid.
Marginal Tax Rate
The rate at which the next dollar of taxable income is taxed, indicating the impact of the last dollar earned on one's tax obligations.
Tax Shield
The reduction in income taxes that results from taking an allowable deduction from taxable income.
CCA Class
Refers to the classification system for capital cost allowance purposes in Canada, determining the rate at which assets can be depreciated for tax purposes.
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