Examlex
Several lizards of the genus Anolis live on Caribbean islands.They all feed on insects, but they feed in different areas of the habitat.For example, some live in leaf litter, others in tree branches, and still others on tree trunks or in surrounding shrubs.This variation in habitat and feeding locations enables various species of Anolis to share a habitat because of
Taxable Income
Taxable income is the portion of your gross income that's subject to taxes after deductions and exemptions.
Tax Liability
The total amount of tax owed to the government after all deductions, credits, and prepayments have been taken into account.
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The amount of money returned to a taxpayer by the government when the taxpayer's total tax payments exceed their tax liability for a given year.
Proportional Tax
A tax system where the tax rate remains constant regardless of the amount subject to tax.
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