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How does a sterilized intervention by the Fed in foreign exchange market differ from an unsterilized intervention?
Marginal Tax Rate
The rate at which your last dollar of income is taxed, reflecting the tax bracket your highest dollars of income fall into.
Average Tax Rate
The portion of total income that is paid as tax, calculated by dividing the total amount of taxes paid by the taxpayer’s total income.
Tax Liability
The total amount of tax that an individual or entity is legally obligated to pay to a taxing authority.
Regressive
Pertains to a situation or policy that has a disproportionately greater impact on those with lower income or status.
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