Examlex
One result of a tax is an increase in economic efficiency.
Government
The governing body of a nation, state, or community which makes and enforces laws, policies, and regulations.
Interest Payments
The amount paid by a borrower to a lender as a charge for the use of borrowed money, typically expressed as an annual percentage of the principal.
National Debt
The total amount of money that a country's government has borrowed, typically as a result of budget deficits, and is yet to repay.
Progressive
Referring to a tax system in which the tax rate increases as the taxable amount increases, often aimed at reducing income inequality.
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