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The Formula for Determining IQ Had a Serious Flaw in That

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The formula for determining IQ had a serious flaw in that


Definitions:

Average Tax Rate

The proportion of total income that is paid in taxes, calculated by dividing the total amount of taxes paid by the total income.

Total Income

The sum of all earnings obtained from any source, including wages, rental income, profits, dividends, and interest.

Total Taxes

The cumulative amount of taxes paid by individuals or companies to the government, including federal, state, and local taxes.

Marginal Tax Rates

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.

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