ABILITY-TO-PAY TAXATION
A taxation in a form of a progressive tax. The principle of ability-to-pay in taxation states that taxes should be levied in accordance to the taxpayer's capability to pay. This progressive taxation approach puts additional tax burden on corporations, companies,trust and certain estates, partnerships, and individuals with higher incomes. The theory that relies within this concept is that individuals who earn more money have the capability to pay more in taxes.
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Sergey Brin
Sergey Brin is the co-founder of the web giant Google along with Larry Page. Sergey was born in Moscow Russia on 1973. At the age of six, he and hi ...
Same-Day Funds
Same-Day Funds is money that can be withdrawn or transferred on the same day that it is deposited.
Food And Agriculture Organization - FAO
An agency in the United States that works to defeat hunger through helping developing countries to modernize and improve agriculture, fisheries, an ...
At The Money
A circumstance wherein the strike price of an option is identical to the underlying security's price. Both put and call options will be simulta ...
Tax Bracket
Rate at which an individual is taxed, which is set according to income levels. Taxpayers with lower income pay lower tax rates than individuals wit ...
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