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Income , Income
Income is the money that individuals and businesses bring in during a given period as a result of work or investments. If, for example, a pers… Disposable Income , Discretionary income is a widely used but imprecise definition of that portion of personal income not spent on actual or perceived necessities. Thus… Negative Income Tax , A negative income tax (NIT) provides an income guarantee to families without other sources of income, but taxes away that guarantee as the family’s e… Tax Reform Act , The Tax Reform Act of 1986 (100 Stat. 2085, 26 U.S.C.A. §§ 47, 1042) made major changes in how income was taxed. The act either altered or eliminated… Gini Coefficient , Gini coefficient
The Gini coefficient is the most popular measure of inequality in use today. The measurement is named for its developer, Corrado Gin… Progressive Tax , A progressive tax system is one which assesses a higher percentage rate of taxation as income levels or income brackets increase. The U.S. federal in…
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