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Case Study: Average vs. Marginal Tax Rates
A graduated rate income tax system results in a taxpayer’s effective income tax rate, or the percentage of their income paid in taxes, increasing as their income increases. Learn about the difference between average and marginal tax rates and how each impacts taxpayers’ liability and the economy.
Income Taxes on the Top 0.1 Percent Weren’t Much Higher in the 1950s
Recent plans to increase the tax burden on wealthy Americans, such as higher marginal income tax rates and wealth taxes, are flawed in several ways, including in their lack of understanding of tax history.
4 min read