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Child Income Tax Credit
A tax credit offered to taxpayers for each qualifying dependent child, intended to help families manage the costs of raising children.
Income Tax Bracket
A range of incomes taxed at a particular rate under a progressive tax system.
Regressive Tax
A levy where the rate diminishes as the taxable amount grows.
Payroll Tax
Fees levied on employers or their employees, customarily figured as a percentage of what staff are paid.
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