| Average
vs. Marginal Tax Rates |
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| n | Marginal
tax rate is the rate at which your last dollar |
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| is
taxed. |
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| n | Federal
marginal tax rates in from 2003-2007 |
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| n | 10%,
15%, 25%, 28%, 33%, 35% |
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| n | Historically
these rates change. |
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| n | 1992:
15%, 28%, 31% |
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| n | 1993-2000:
15%, 28%, 31%, 36%, 39.6% |
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| n | 2001:
15%, 27.5%, 30.5%, 35.5%. 39.1% |
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| n | 2002:
10%, 15%, 27%, 30%, 35%, 38.6% |
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| n | Average
tax rate is the overall percentage of total |
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| taxible
income a household pays in tax |
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