Variationmarginal rate of taxationnounthe percentage of tax which a taxpayer pays at the top rate, which he or she therefore pays on every further pound or dollar he or she earns.Also calledmarginal tax rate "...pensioner groups claim that pensioners have the highest marginal rates of tax. Income earned by pensioners above $30 a week is taxed at 62.5 per cent, more than the highest marginal rate" [Australian Financial Review]
Related information about marginal rate of tax:
- Marginal Tax Rate Definition | Investopedia
The amount of tax paid on an additional dollar of income. The marginal tax rate for an individual will increase as income rises. This method of taxation aims to ...
- What is marginal rate of tax? definition and meaning
Definition of marginal rate of tax: Variationmarginal rate of taxationnounthe percentage of tax which a taxpayer pays at the top rate, which he or she therefore ...
- Effective marginal tax rate - Wikipedia, the free encyclopedia
As such tables showing EMTRs are rarely published. The net effect however is generally a higher effective marginal rate of tax than that suggested by income ...
- Macroeconomics/Taxation - Wikibooks, open books for an open world
The marginal rate of tax (MRT) is the percentage taken in tax of the next (insert currency unit here) earned. So, if your MRT is 10%, every next part of your income ...
- Effective Marginal Tax Rates - Academy of Economics and Finance
phased out for incomes above $94,200 (see Figure 1).8. Table 2. Calculation of Effective Marginal Rate of Tax. Using 2006 Tax Rates for Individuals. Income. (a) ...
- On the optimal marginal rate of income tax - ScienceDirect.com
The paper shows that in the quasi-linear model of income taxation, the optimal marginal rate of tax can be calculated without needing to specify the utility of ...
- Personal taxes - BDO
This gives these individuals a marginal rate of tax of 62%. If this rate continues after the reduction of the additional rate to 45%, these individuals will be yet more ...
- The Grumpy Economist: Taxes and cliffs
5 days ago ... Never was the difference between "taxing" and "spending" more cleverly disguised than combining both into a "marginal rate of tax".