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Consumption Tax
A tax on the purchase of goods and services, levied at the point of consumption.
High Income
Refers to earnings that significantly exceed the average or median income level within a specific region, industry, or demographic segment.
Double-Taxation
The taxation of the same income or financial transaction at two different levels, such as corporate profits and then again when distributed as dividends to shareholders.
Saving
Saving refers to the portion of income that is not spent on current consumption but preserved for future use, often by depositing in banks or investing.
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