👉 Paratungstate, also known as a "paratax", is a type of tax in which taxpayers pay taxes on what they receive but not what they produce. This means that instead of paying income tax or sales tax, the taxpayer pays only the amount of income they earn and does not have to pay for any goods or services produced by others. Paratungstates are often used in industries where there is a high demand for labor or where there is a surplus of raw materials
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