The highest level at which the tax rate can be defined is the _____ level.
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hiearchhy level of taxonomy
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Answer:
The "Marginal tax rate" is the "Highest level of tax rate" for an Individual.
Explanation:
Marginal Tax rates are the highest rated taxes based on the income level for an individual. It depends on the total tax liability and the total income. For example, the US is having a 39.6 % tax rate for income above 4, 15, 050 USD. There is one more thing which is Implicit marginal Tax rate which can exceed even 90 or greater.
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