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Marginal Tax Rate
The tax rate applied to the last dollar of income earned.
Direct Tax
Direct Tax is a type of tax directly imposed on individuals or organizations, such as income tax or corporate tax, where the tax burden cannot be shifted to another party.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, reflecting the percentage of additional income that must be paid in taxes.
Average Tax Rate
The ratio of the total amount of taxes paid by an individual or business to the total income or profit earned.
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