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What are the two main jobs of a legislator?
Marginal Tax Rate
The rate at which the last dollar of income is taxed, indicating the rate of tax that applies to each additional dollar of income.
Marginal Tax Rate
The rate of tax applied to the next dollar of taxable income, which increases in brackets as income rises.
Proportional Income Tax
A tax system where the rate of taxation is the same for all taxpayers, regardless of income level.
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