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Taxable Income
The amount of income used to calculate how much tax an individual or a company owes to the government in a specific period.
Benefits-Received Principle
The concept that those who benefit from government services should pay taxes in proportion to the amount of benefits they receive.
Fairness
In economics, fairness often relates to the equitable distribution of resources and outcomes among diverse groups of people.
Public Expenditures
Spending by the government on goods and services, including infrastructure, education, and healthcare, funded by taxpayer money.
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