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Tax Compliance
The act of following and meeting all statutory responsibilities in tax reporting, payment, and documentation by individuals or entities.
Excess Burden
The cost to society created by market inefficiency, often associated with government intervention or taxation that distorts market equilibrium.
Personal Income Tax
A tax levied on individuals or households based on their total earned income from various sources.
Earners
Individuals or entities that receive income through work, investment, or other means within an economic system.
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