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how to calculate the average tax rate. A progressive tax system is set up in increments. At higher incomes many deductions and many credits are phased out.
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0 would also be your average tax rate. If you sold long-term. There are several methods used to present a tax rate.
In this example divide 80000 by 400000 to get 02.
The average tax rate is the tax rate you pay when you add all sources of taxable income and divide that number into the amount of taxes you owe. Therefore his average tax rate is 214. At higher incomes many deductions and many credits are phased out. In a tax system and in economics the tax rate describes the burden ratio usually expressed as a percentage at which a business or person is taxed.
