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Greater force of contraction comes when
Economic Income
The total value of all income earned, including both monetary sources and the monetary value of benefits such as stock options or health insurance.
Taxable Income
The portion of an individual's or entity's income used to determine how much tax is owed to the government in a given tax year.
House Values
The monetary worth or price of a residential property, which can fluctuate based on market conditions, location, and property features.
Distorting Taxes
Taxes that alter the allocation of resources and change consumer or producer behavior, leading away from an efficient market outcome.
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