Don t Panic If Taxes Department Raids You: Difference between revisions
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Revision as of 20:28, 21 September 2024
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Marginal tax rate may be the rate of tax shell out on your last (or highest) regarding income. In the earlier described example, the person is being taxed with a marginal tax rate of 25% with taxable income of $45,000. And also mean one is paying 25% on her last dollars of income (more than $33,950).
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