Examlex
Two types of firewall policies are protection by (1)inclusion, and (2)exclusion.
Marginal Tax Rate
The rate at which your last dollar of income is taxed, effectively the rate applied to each additional dollar of taxable income.
After-Tax Cost of Debt
The net cost of debt after taking into account the tax deductions available on interest payments.
Yield-to-Maturity
The total return expected on a bond if held until its maturity date, accounting for its current market price, face value, interest rate, and time to maturity.
Marginal Tax Rate
A rephrasing: The portion of tax applied to your income for each additional dollar you earn.
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