Examlex
The key link between the so-called twin deficits involves
Time Value
The idea that possessing money today has greater value than having an identical amount in the future, thanks to its ability to earn more over time.
Tax Deductions
Expenses that can be subtracted from gross income to reduce the total amount of income subject to taxation, effectively lowering the overall tax liability.
Diminishing Value
A reduction in the worth of an asset over time, often due to wear and tear or obsolescence.
After-tax Cash Inflow
The net amount of cash generated from an investment after deducting all applicable taxes.
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