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What is the difference between economic efficiency and equity?
IRS
The Internal Revenue Service, a U.S. government agency responsible for tax collection and tax law enforcement.
Tax Tables
Charts used to determine the amount of tax owed based on income levels, provided by tax authorities for calculating liabilities.
Tax Rate Schedules
Charts or tables provided by tax authorities that outline the tax rates applicable to different income levels.
Tax Liability
The total amount of tax owed to a taxing authority by an individual, organization, or corporation.
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