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Taxable Income
Taxable income is the amount of an individual's or business's income used to calculate how much tax they owe to the government in a given tax year, after all deductions and exemptions.
Tax Cutters
Advocates or policies aimed at reducing the level of taxation.
Social Security Tax
A tax levied on both employers and employees to fund the Social Security program, which provides retirement, disability, and survivorship benefits to qualifying individuals.
Medicare Tax
A payroll tax that funds Medicare, providing health insurance to individuals aged 65 and older in the United States.
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