The difference between the before-tax and after-tax rates is referred to as the

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The difference between the before-tax and after-tax rates is known as the tax wedge. This is the amount of tax that is levied on an economic transaction or activity. It includes all taxes, including income, sales, and excise taxes. The tax wedge can have a significant impact on the behavior of individuals, businesses, and governments, as it affects the relative cost of various activities and the incentives to participate in the economy.

The Difference Between the Before-Tax and After-Tax Rates Is Referred