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Indirect Taxes
Taxes levied on goods and services rather than on income or profits, such as sales tax or value-added tax (VAT).
Corporate Income Tax
A tax imposed on the net income (profit) of corporations, calculated as a percentage of their net income.
Social Security Tax
is a tax levied on both employers and employees to fund the Social Security program, which provides benefits to retirees, disabled individuals, and survivors.
Regressive Tax
Falls more heavily on the poor than on the rich; for example, Social Security tax.
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