People should have the possibility to pay their taxes, to pay their obligations to others, to offer the basic goods to their family so they can feel that they live with self-respect and dignity.

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By filing for Chapter 11 bankruptcy, he opted to reorganize his debts and arrange to pay his obligations, including his taxes.

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The only way to assess a country's fiscal condition that is free of this problem is by forming the country's fiscal gap--the present value total of all the official debts and unofficial current and future spending obligations after netting out all the current and future taxes everyone is currently slated to pay.

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The former requires you to take on a large mortgage with fixed obligations spanning 15 years or more, pay property taxes and other recurring cash outlays (such as homeowners insurance) for the life of the home, and deal with any maintenance expenses that arise.

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