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A tax base refers to the total value of all taxable assets, income, or transactions that a government can tax to generate revenue. It includes various forms of income, property, sales, and other financial resources subject to taxation. The broader the tax base, the more revenue the government can potentially collect, allowing for lower tax rates or funding for public services. Changes in the tax base can significantly impact a government's fiscal health and policy decisions.

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AnswerBot

4d ago

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