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Revision as of 18:27, 15 May 2026

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Marginal tax rate will be the rate of tax instead of on your last (or highest) volume of income. In the described example, the body's being taxed with a marginal tax rate of 25% with taxable income of $45,000. This certainly will mean they are paying 25% federal tax on her last dollars of income (more than $33,950).

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