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Aktuelle Version vom 16. Mai 2026, 17:12 Uhr
The IRS has set many tax deductions and benefits in their place for citizens. Unfortunately, some taxpayers who bring home a great deal of income can see these benefits phased out as their income ascends.
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Marginal tax rate could be the rate of tax instead of on your last (or highest) level of income. In the described example, the person is being taxed with a marginal tax rate of 25% with taxable income of $45,000. Might mean she or he is paying 25% federal tax on her last dollars of income (more than $33,950).
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