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double taxation of savings (H2)<br />Taxing both the income out of which savings are made and the income from the savings when they are invested. Many income tax systems have this feature.
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informal economy (PO)<br />Part of an economy consisting of unrecorded and often illegal economic activities. In developing economies the informal sector is the subsistence agricultural sector, in developed economies subcontracting activities such as tailoring. The dynamic of this sector, springing from the avoidance of governmental regulation, produces well-known consequences - long hours, a disregard for safety, do-it-yourself activities and barter. Also known as the unofficial economy.<br /><em>See also:</em> black economy; time budget survey <br /><em>Reference</em><br />Alessandrini, S. and Dallago, B. (eds) (1987) The Unofficial Economy: Consequences and Perspectives in Different Economic Systems, Aldershot: Gower.<br /> Thomas, JJ. (1989) Informal Economic Activity, Hemet Hempstead: Philip Allan; Cambridge, MA: MIT Press.
<strong>SAR</strong> – Student Aid Report, the paper output record provided to the student after completing the FAFSA. The SAR contains the student' s EFC and results of federal database matches. The electronic version of the record, which is sent to the school, is called the ISIR.
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