What is the difference between marginal and average tax rates? Q.What is the difference between marginal and average tax rates? A. Average tax rates measure tax burden, while marginal tax rates measure the impact of taxes on incentives to earn, save, invest, or spend. Read more about What is the difference between marginal and average tax rates?
What is it a broad-based income tax? Q.What is a broad-based income tax? A.One that minimizes tax preferences with the goal of increasing revenue at a given rate of taxation. Read more about What is it a broad-based income tax?
What would the tax rate be under a broad-based income tax? Q.What would the tax rate be under a broad-based income tax? A.That depends on what exclusions, credits, and deductions are left in and whether revenue neutrality is a must. Read more about What would the tax rate be under a broad-based income tax?
