Examlex
A cup of yogurt is an example of a product that is always classified as a consumer good.
Marginal Tax Rate
The rate at which the last dollar of a person's income is taxed, indicating how much tax will be paid on an additional dollar of income.
Income Before Taxes
The gross income a person or corporation earns before taxes are deducted.
Marginal Tax Rate
The rate at which an additional dollar of income is taxed, serving as a useful measure of the impact of taxes on incentives to earn more.
Average Tax Rate
The ratio of the total amount of taxes paid to the taxpayer's total taxable income.
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