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Fair Market Value
The price that an asset would sell for on the open market between informed and willing parties.
Income
The money received, especially on a regular basis, for work or through investments.
Marginal Ordinary Income Tax Rate
This rate is the percentage at which the last dollar of a taxpayer's income is taxed, reflecting the tax bracket into which their income falls.
Qualified Dividends
Dividends that meet specific criteria set by the tax code and are eligible for a lower tax rate compared to ordinary income.
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