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What are the five techniques to support solution talk?
Total Taxes
The cumulative amount of taxes paid by individuals or companies to the government, including federal, state, and local taxes.
Marginal Tax Rates
The rate at which the last dollar of income is taxed, indicating the percentage of tax applied to your income for each tax bracket in which you qualify.
Average Tax Rates
The ratio of the total amount of taxes paid to the total income, showing the fraction of income paid in taxes.
Regressive Tax
A tax imposed in such a manner that the tax rate decreases as the amount subject to taxation increases, disproportionately affecting those with lower incomes.
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