Examlex
The fungi in the photographs here are examples of
Marginal Tax Rate
The rate at which the last dollar of income is taxed, indicating how much of any additional income will be paid in taxes.
Taxable Income
The portion of an individual's or entity's income that is subject to taxation by governmental authorities.
Average Tax Rate
The proportion of total taxable income paid in taxes, calculated by dividing the total tax amount by the total income.
Excise Tax
A specific tax levied on certain goods, services, or activities, often included in the price of things like gasoline, alcohol, and tobacco.
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