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What Are the Excise Taxes Imposed on Private Foundations, and Why

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What are the excise taxes imposed on private foundations, and why are they imposed?


Definitions:

Traction

The application of a pulling force to parts of the body to align and immobilize fractures or to relieve pressure on skeletal or soft tissues.

Aspirin

A medication used to reduce pain, fever, inflammation, and, in low doses, to prevent blood clots.

Startle

A quick, automatic response to a sudden unexpected stimulus, often characterized by jerking bodily motions.

Drainage

The removal of fluids from a body cavity, wound, or other source, often for therapeutic reasons.

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