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Explain the criticisms of labor and environmental clauses and how these are being addressed in the TPP.
Federal Tax Revenues
The income earned by the government through all types of taxes, including income, payroll, and excise taxes, used to fund public services and operations.
Tax Freedom Day
A symbolic day representing when a nation's taxpayers have collectively earned enough income to pay the year's total tax bill.
Marginal Tax Rate
The rate at which an additional dollar of income is taxed, reflecting the percentage of each additional dollar that is paid in tax.
Transfer Payments
Payments made by the government to individuals, without the government receiving any goods or services in return, such as welfare payments and social security benefits.
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