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What claim did Herrnstein and Murray make in their book The Bell Curve: Intelligence and Class Structure in American Life?
Consumer Surplus
The difference between the amount consumers are willing to pay for a good or service versus what they actually pay.
Tax Imposed
A financial charge or other levy placed upon an individual or a legal entity by a governmental organization.
Tax Revenue
The financial resources collected by the government from its citizens, businesses, and other entities through various taxes.
Tax Increase
A tax increase refers to a governmental decision to raise the amount of tax imposed on goods, services, or income.
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