income tax - tax people pay on their wages or salaries, flat tax - everybody pays the same % of tax, progressive tax - higher incomes pay higher % of tax, indirect tax - tax paid on property, sales transactions, import, etc., value-added tax - tax on selling goods or services, capital gain tax - tax paid on profit made by selling assets, inheritance tax - tax paid when receiving a valuable gift from family members, wealth tax - annual tax on people's fortunes, tax evasion - making false declarations to tax authorities, tax exemption - don't have to pay tax, tax allowance - amount of money that you can keep from your taxes (e.g. for families with children), tax avoidance - reducing your tax to a legal minimum, tax haven - country with very low taxes for multinational companies,

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