marginal tax rate |
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Definition
Tax rate paid on an additional unit of income. In a graduated or progressive tax regimen, the marginal tax rate increases as the income rises, and the highest income bracket (or band) attracts the highest marginal tax rate.
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marginal tax rate is in the Accounting & Auditing and Economics, Politics, & Society subjects.
marginal tax rate appears in the definition of the following term: Laffer curve
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