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Taxes

Tax return

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Welcome to the world of finance, where we explore the concepts of risk and return. As investors, we are constantly faced with decisions that involve balancing these two concepts. Return refers to the amount of profit or loss we may earn on our investments, while risk is the possibility of losing our investment. It is important to understand the relationship between return and risk, as it can greatly impact our investment decisions. Let's dive deeper into these terms and their implications in the world of finance.

Fruit and tree doctrine

The legal principle of income assignment states that an individual who receives income from either property or services is not allowed to transfer that income to another per...

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Taxable period

In finance, taxes are imposed over a specific time frame known as the "taxable period". This duration is determined by the government and is crucial for calculating the amoun...

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Lottery tax

In the realm of finance, it is important to understand the concept of tax on the sale of lots or the receipt of prizes after the drawing of lots. This refers to the tax that...

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Effective tax rate

As we explore the realm of taxation, it is important to understand the concept of marginal tax rate. This refers to the rate at which an individual's tax liability would be ...

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