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Note: Mcdougal is yet it will help CPA or tax professional. This article is for general information purposes, and really should not be construed as tax advice. Readers are strongly motivated to consult their tax professional regarding their personal tax situation. Marginal tax rate will be the rate of tax would you on your last (or highest) volume income. In the last described example, the body's being taxed with a marginal tax rate of 25% with taxable income of $45,000. This should mean he or she is paying 25% on her last dollars of income (more than $33,950).
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