Examlex
Explain what probable cause is and what role it plays in Fourth Amendment protections. Discuss examples when the government is allowed to engage in searches without probable cause.
Average Tax Rate
The percentage of taxable income that is paid in taxes; taxes paid divided by taxable income.
Stock Market Investor
An individual or entity that allocates capital with the expectation of receiving financial returns in the stock market.
Marginal Tax Rate
The tax rate that applies to the next dollar of taxable income; the percentage of tax applied to your income for each tax bracket in which you qualify.
Taxable Income
The amount of income that is subject to tax, after all allowable deductions, exemptions, and adjustments.
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