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What is the average rate of tax 2024?

Owen Wilson | 2023-05-08 00:07:56 | page views：1954
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Julian Thompson

Works at the International Fund for Agricultural Development, Lives in Rome, Italy.
A taxpayer's average tax rate (or effective tax rate) is the share of income that he or she pays in taxes. By contrast, a taxpayer's marginal tax rate is the tax rate imposed on his or her last dollar of income. Taxpayers' average tax rates are lower -- usually much lower -- than their marginal rates.
2023-05-09 00:07:56
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Oliver Hall

QuesHub.com delivers expert answers and knowledge to you.
A taxpayer's average tax rate (or effective tax rate) is the share of income that he or she pays in taxes. By contrast, a taxpayer's marginal tax rate is the tax rate imposed on his or her last dollar of income. Taxpayers' average tax rates are lower -- usually much lower -- than their marginal rates.
Policy Basics: Marginal and Average Tax Rates | Center on Budget ...
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