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Consumption Tax
Taxes applied on spending on goods and services, such as sales tax or Value Added Tax (VAT).
Income Tax
A tax levied by governments on individuals' or entities' income. The rate can vary based on income levels or earnings.
Average Tax Rate
The proportion of total income that is paid as tax, calculated by dividing the total amount of taxes paid by the taxpayer's total income.
Big Five
A model that outlines five broad dimensions of human personality traits: openness, conscientiousness, extraversion, agreeableness, and neuroticism.
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