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Revision as of 14:11, 4 October 2024
Note: This writer is not really CPA or tax commercial. This article is for general information purposes, and will not be construed as tax details. Readers are strongly asked to consult their tax professional regarding their personal tax situation.
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Marginal tax rate is the rate of tax get yourself a new on your last (or highest) quantity income. In the described example, the body's being taxed with a marginal tax rate of 25% with taxable income of $45,000. This should mean they're paying 25% federal tax on her last dollars of income (more than $33,950).
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