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The ad hominem fallacy involves attacking a person rather than the substance of that person's argument..
Average Tax Rate
The ratio of total taxes paid to the total taxable income, reflecting the percentage of income that goes to taxes.
Tax-Free
Earnings or financial transactions that are exempt from taxation by the government.
Marginal Tax Rate
The rate at which the last dollar of income is taxed, indicating the percentage of tax applied to your income for each tax bracket in which you qualify.
Average Tax Rate
The portion of an individual's or entity's taxable income that is paid in taxes, calculated by dividing the total tax amount by the taxable income.
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