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Excise Tax
A tax levied on specific goods or services, such as tobacco, gasoline, and alcohol, typically aimed at discouraging use or raising government revenue.
Indirect Tax
Tax on a thing rather than on a particular person; for example, sales tax.
Social Security Tax
A payroll tax collected to fund the Social Security program, which provides retirement, disability, and survivorship benefits to eligible Americans.
Government Role
The involvement and responsibilities assumed by a government in regulating and guiding the economy, protecting citizens, and providing public services.
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