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Assessing the welfare system prior to 1996, the text concludes that
Charitable Contributions
Money or goods donated to nonprofit or charitable organizations, often eligible for tax deductions.
Dividend Income
Money that a company pays to its shareholders out of its profits.
AMT Income
Alternative Minimum Tax (AMT) income is a method of calculating taxable income according to parallel tax rules to ensure that certain taxpayers pay at least a minimum amount of tax.
Corporation
A legal entity recognized by law as separate from its owners, capable of holding assets, incurring liabilities, and conducting business.
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