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Marginal Rate
The marginal rate often refers to the incremental or additional rate of change in a quantity or cost in response to a change in some other variable.
Social Security System
A government program that provides financial assistance to retirees, disabled workers, and survivors of deceased workers.
Tax Bracket
A range of incomes taxed at a given rate.
Average Tax Rate
The ratio of the total amount of taxes paid to the total taxable income, showing the share of income that goes to taxes.
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