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Tax Revenue
The revenue that governments acquire from taxes.
Capitalism
An economic system characterized by private ownership of the means of production, where investments, production, distribution, income, and prices are determined mainly by competition in a free market.
Socialism
An economic and political system where the means of production, distribution, and exchange are owned or regulated by the community as a whole.
Negative Income Tax
A proposed form of welfare where individuals earning below a certain threshold receive supplemental pay from the government instead of paying taxes.
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