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Marginal Tax Rate
The rate at which the next dollar of taxable income will be taxed.
Total Income
The sum of all earnings received by an individual or entity, including wages, salaries, benefits, and income from investments.
Total Taxes
The cumulative amount of taxes levied by a government on an individual, corporation, or other entity in a specified period, including income, sales, and property taxes.
Marginal Tax Rates
The rate at which your income above a certain threshold is taxed, showing the tax imposed on the incremental dollar of income.
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