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Saving Rate
The proportion of disposable income that is saved rather than spent by households.
Tax Base
The total amount of assets or income that can be taxed by a governing authority, forming the essential revenue source.
Progressive Income Tax
A tax system where the tax rate increases as the taxable amount increases, placing a higher tax burden on high-income earners.
Ability-to-Pay Principle
A tax principle suggesting that taxes should be levied according to an individual or entity's capacity to pay, generally implying that those with higher incomes should pay more tax.
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