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What Are the Benefits Provided by Switches

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What are the benefits provided by switches?


Definitions:

Tax Rate

The rate at which taxes are applied to the income of a person or a company.

Tax Burden

The total amount of tax that individuals, businesses, or specific sectors of the economy bear.

Federal Personal Income Tax

A tax levied by the federal government on the income of individuals, with rates varying based on income levels.

Tax Exemptions

Deductions allowed by law to reduce taxable income, often for specific categories of expenses or investments.

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