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How did slave labor in the lower South differ from slave labor in the Chesapeake?
Tax Loopholes
Provisions or gaps in tax legislation that allow individuals and corporations to legally reduce their tax liabilities through various means not fully intended by the lawmakers.
Taxable Income
The portion of an individual or entity's income used as the basis for calculating the amount of tax they owe to the government, after allowed deductions and exemptions.
Fiscal Policy
Government adjustments in spending levels and tax rates to monitor and influence a nation's economy.
Economic Activity
Actions that involve the production, distribution, and consumption of goods and services within an economy.
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