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What is the deadliest tornado on record in the United States?
Tax Base
The total amount of assets or income that can be taxed by a government, forming the foundation of its revenue.
Progressive Tax
A tax system in which the tax rate increases as the taxable income increases, placing a larger financial burden on wealthier individuals.
Marginal Tax Rate
The rate at which your last dollar of income is taxed, often increasing as income rises.
Average Tax Rate
The ratio of the total amount of taxes paid to the total taxable income, showing the share of income paid in taxes.
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