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Which part of the ear is involved in balance?
Marginal Tax Rate
The rate at which the last dollar of income is taxed, reflecting the rate applied to each additional dollar of income.
Net Pay
The amount of money an employee receives after deductions like taxes and social security charges are subtracted from the gross pay.
Laffer Curve
A representation of the relationship between rates of taxation and the resulting levels of government revenue that illustrates there can be an optimum tax rate that maximizes revenue.
Tax Revenues
The income that is collected by governments through taxation.
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