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Revision as of 22:53, 22 January 2025

Through the proposed DTC / GST legislations, federal government has acknowledged the necessity of new revenue system however the proposed new laws apparently appear with regard to even complex then the present one.

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Marginal tax rate may be the rate of tax pay out on your last (or highest) number of income. In the earlier described example, the individual is being taxed with a marginal tax rate of 25% with taxable income of $45,000. And also mean one is paying 25% on her last dollars of income (more than $33,950).

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