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The Roman Republic was based on the principles and practices of Athenian democracy.
Progressive Tax Rate
A tax system in which the rate of taxation increases as the taxable amount increases, applying higher rates to higher income brackets.
Wages
Payment to an employee from an employer for the labor or services performed, typically calculated on an hourly, daily, or piecework basis.
Salaries
Fixed regular payments made by an employer to an employee, typically expressed as an annual sum and taxed as ordinary income.
Tips
Additional money given to service workers for performed services, which is considered taxable income by the IRS.
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