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All of the following are true of negotiation except:
Excise Taxes
Taxes imposed on specific goods, such as tobacco and alcohol, often intended to reduce consumption or generate revenue.
Marginal Tax Rate
The tax rate paid on an additional dollar of income.
Taxable Personal Income
The portion of an individual's earnings that is subject to taxation, after accounting for deductions and exemptions.
Proprietary Income
Income generated from owning a business or holding exclusive rights to a product or service.
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