US Taxes Low Compared to Other Countries

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treasury – n. the place where the money of a government is kept

tax rate – n. percentage at which an individual or corporation is taxed

payroll tax – n. a tax that is paid by a company and that is based on the amount of money that the company spends paying all of its employees

deadline – n. a date or time when something must be finished: the last day, hour or minute that something will be accepted