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Marginal Tax Rate
The rate at which the last dollar of income is taxed, reflecting the rate applied to each additional dollar of income.
Social Security Tax
A payroll tax collected to fund the Social Security program, which provides benefits to retirees, disabled individuals, and survivors.
Taxable Income
The portion of income subject to tax by the government after all deductions and exemptions.
Federal Receipts
The total income received by the federal government from various sources, including income taxes, corporate taxes, social security taxes, and customs duties.
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