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How does dating following separation and divorce differ from premarital dating?
Marginal Tax Rate
The rate at which the last dollar of income is taxed, reflecting the percentage of additional income that is paid in taxes.
Average Tax Rate
The ratio of the total amount of taxes paid to the total income, showing the share of income that goes to taxes.
Income Tax System
The framework by which governments collect a percentage of income from individuals and businesses as tax, which varies according to earnings levels.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, representing the percentage of additional income that is paid in tax.
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