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If the government gave a Household a tax break and that Household had an extra $100.00 then, the Household would use that $100 to make an expenditure at a Business.
What is Tax Break?
A tax break is a benefit that the government provides that lowers your overall tax obligation. Tax rules enable tax benefits, which often take the form of credits and deductions. Exemptions and excluding particular categories of income from your state or federal tax return are two additional tax benefits.
Tax benefits could refer to the advantageous tax treatment that particular groups enjoy. For instance, among other tax benefits, churches and other religious organizations are typically exempted from federal, state, and local income and property taxes.
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