Thread: Taxing the rich - what is the cutoff?
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Old 06-17-2008, 10:54 AM   #123
onlydarksets
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Re: Taxing the rich - what is the cutoff?
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Originally Posted by onlydarksets View Post
That's the marginal tax rate, not the average tax rate. You pay the percentage on the bracket in which that particular dollar of income falls:
Tax rate - Wikipedia, the free encyclopedia
Here's a better explanation:
Progressive tax - Wikipedia, the free encyclopedia
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