Examlex
The percentage change in any individual item shown on comparative financial statements is calculated by dividing the dollar amount of the change from the base period to the current period by:
Federal Individual Income Taxes
Taxes levied by the United States federal government on the annual earnings of individuals, estates, and trusts.
Ability-To-Pay Principle
The economic principle that states taxes should be levied according to an individual's or entity's capability to pay, typically measured by income or wealth.
Gasoline Taxes
Taxes imposed by governments on the sale of gasoline, often used to fund transportation infrastructure.
Benefits-Received Principle
A taxation principle where taxes are allocated according to the level of benefits received by the taxpayer.
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