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What is the fallacy of equivocation and how can it be used to persuade an audience that a conclusion is true?
Average Tax Rate
The percentage of total income that goes to taxes, calculated by dividing the total amount of tax paid by the total income.
Taxable Income
The sum of earnings that determines the tax liability of a person or corporation to the state.
Marginal Provincial Tax Rate
The percentage of tax applied to your next dollar of income, specific to the tax brackets determined by a Canadian province.
Provincial Tax Rates
The income tax rates levied by a province on individuals and businesses, which vary depending on the province and income level.
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