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Summary Of: Tax rate
To calculate the average tax rate on an income tax... is the tax rate that applies to the last dollar of the tax base... To calculate the marginal tax rate on an income tax... The marginal tax rate may increase or decrease as income or consumption increases... the average tax rate will be lower than the marginal tax rate... The effective tax rate is the amount of tax an individual or firm pays when all other government tax... their effective tax rate will be lower... may differ from an average tax rate because some measure of income other than taxable income is used... typically calculates the effective average tax rate as the ratio of taxes paid to a constructed measure of... may differ from a marginal tax rate because the taxpayer may be in an income range in which he is subject to... a result sometimes described as the marginal effective tax rate or the marginal deduction rate... The appropriate income tax rate is applied to the tax base to calculate taxes owed... exclusive tax rate approximates a 20... an exclusive tax rate can be directly compared to an inclusive tax rate... Inclusive income tax rate comparison to an exclusive sales tax rate... to adjust any inclusive tax rate to that of an exclusive tax rate... Encyclodia Page On: Tax rate
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