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Paradigm shifts occur when ethical considerations are incorporated into scientific theory.
Taxable Difference
The difference between the book value and the tax value of an asset, which results in taxable income or deductions.
Capital Acquisitions
The act of obtaining capital assets through purchase, lease, or other means, aimed at increasing the overall value of a business.
Marginal Tax
The tax rate applicable to the last unit of currency earned, indicating the rate at which additional income is taxed.
Tax Rate
The percentage at which income or corporate profits are taxed by the government.
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