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Average Tax Rate
The ratio of the total amount of taxes paid to the total tax base (taxable income or spending), expressing the percentage of income that is paid in taxes.
Income
Monetary payment received for work, from investments, or from government benefits, contributing to an individual's wealth.
Marginal Tax Rate
The tax rate applied to the last dollar of income, showing the percentage of additional income that is paid in tax.
Income
The amount of money or value received, typically on a regular basis, for work or through investments.
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