11-4 - $30,000 paid in taxes Average tax bracket = 30,000 =...

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Personal Financial Planning November 4 Average tax bracket = Total taxes paid Taxable income Marginal Tax = tax on next dollars earned Next dollars Example: $90,000 income
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Unformatted text preview: $30,000 paid in taxes Average tax bracket = 30,000 = 33% 90,000 Example: You paid $40 on last $100 you earned Marginal tax = 40 = 40% 100...
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This note was uploaded on 12/21/2011 for the course SPEA V366 taught by Professor Aleksey during the Fall '11 term at UCSB.

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