Examlex
Which piping material is most likely to be connected using heat-fusion joints?
Horizontal Equity
The principle that individuals with the same income or resources should be treated equally by the tax system.
Tax Deductions
Expenses that can be subtracted from gross income to reduce the amount of income that is subject to income tax.
Double Taxation
A taxation principle where income taxes are paid twice on the same source of earned income, property, or financial asset.
Saving Rate
The proportion of disposable income that is saved rather than spent by households.
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