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Which do you think is more harmful - individual discrimination or institutional discrimination? Explain your answer so that you show definitions of each.
Marginal Ordinary Income Tax Rate
The tax rate that applies to the last dollar of the taxpayer's income, influencing decisions on additional income.
Tax Rate
The percentage at which an individual or corporation is taxed by the government.
Taxpayer
An individual or entity that is obligated to pay taxes to a federal, state, or local government.
Income
The financial amount earned from work (wages), capital (investments), or other revenue streams during a specific time frame.
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