Examlex
If you are gradually vested in a retirement plan over a 6-year period,the plan is a:
Nonneutral Taxes
Taxes that disproportionately affect one group or type of economic activity over another, often used to influence market outcomes.
Second Best
A situation or solution that is accepted in the absence of a preferred option.
Distortionary Tax
A type of tax that causes consumers and producers to change their behavior in order to avoid paying the tax.
Tax Distortion
Describes how taxes can alter market behavior and lead to efficiency loss compared to an untaxed market.
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