Target Market

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A specific group of people with similar characteristics, needs, lifestyle, etc., at which a company markets its products or services.

Tax

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A fee imposed by a government on personal or corporate income, products, services, etc., in order to raise revenue to pay for public services.

Tax Abatement

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Also known as a Tax Holiday. An exemption or reduction of taxes by a government for certain companies for a specific period of time, often as an incentive for industrial development.

Tax Avoidance

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Legal ways of paying the minimum amount of tax possible by making use of allowances and exemptions.

Tax Bracket

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Based on income levels, the higher the income the higher the tax bracket, therefore people earning more money have to pay a higher rate of tax on the part of their income which is below the lower tax bracket allowance.