Difference between revisions of "A Very Good Taxes - Part 1"

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Through the proposed DTC / GST legislations, brand new has acknowledged the need of new revenue system however the proposed new laws apparently appear become even more complicated then existing one.

Marginal tax rate could be the rate of tax you pay on your last (or highest) number of income. In the earlier described example, the person is being taxed with a marginal tax rate of 25% with taxable income of $45,000. This might mean she or he is paying 25% federal tax on her last dollars of income (more than $33,950).

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