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Economics Terms Lexicon
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Economics Terms Lexicon
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Taxation
Taxation
2
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1
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1
Types
Income Tax
Taxation
Public Finance
A tax on labor and capital income used to fund government spending and shape distribution outcomes.
Read more about Income Tax.
Lump-Sum Tax
Taxation
Public Finance
A fixed tax amount that does not depend on a taxpayer's choices; a benchmark for non-distortionary taxation.
Read more about Lump-Sum Tax.