Examlex
The process of speciation always includes ____ isolation.
Marginal Tax Rate
The percentage of tax applied to your income for each tax bracket in which you qualify.
Progressive Tax
A taxation system where the tax rate increases as the taxable amount rises, thereby imposing a higher percentage rate on those with higher incomes.
Marginal Tax Rate
The rate at which the last dollar of a person’s income is taxed, indicating the impact of an additional dollar of earnings on the amount of taxes paid.
Average Tax Rate
The proportion of total income that is paid in taxes.
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