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Explain why the relationship between an analyst and policy maker can be tricky. What factors on each side can cause inaccurate decision-making? How can this be avoided?
Reports Income
The process of declaring income received during a tax year on one's tax return.
Taxpayer
A person or organization required to remit taxes to governmental bodies at any level, including federal, state, or municipal.
Tax Liability
The amount of total tax debt owed by an individual or entity to the taxing authority, such as the IRS, after all deductions, credits, and exemptions.
Taxable Qualified Dividend
Dividends that meet certain criteria set by the IRS to be taxed at the lower long-term capital gains tax rates.
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