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Marginal rate vs Effective rate, explained in plain English
Marginal rate vs Effective rate, in plain English. Your marginal rate taxes your next dollar. Your effective rate taxes all your dollars. The part people get wrong: the marginal rate doesn't apply to everything you earn, only the slice above the line. Save this for the next time someone mixes them up. Follow for more. #moneytips #moneyexplained ...
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