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An effective way to begin reducing stress in your life is to:
Marginal Tax Rate
The rate at which the last dollar of income is taxed, indicating the percentage of an additional dollar of income that is paid in tax.
Progressive Tax
A tax system where the rate of taxation increases as the taxable income or amount increases, placing a higher burden on wealthier individuals.
Income
The financial gain (earned or unearned) accruing over a given period of time.
Federal Excise Tax
A tax imposed by the federal government on the sale of specific goods and services, such as tobacco and alcohol.
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