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Tax credits are dollar for dollar reduction in taxes owed. There's no reason to apply a marginal tax rate.
by gregshap 5y ago
Tax credits are dollar for dollar reduction in taxes owed. There's no reason to apply a marginal tax rate.
- sanp 5y agoNot sure I follow. The effective benefit of this tax break is different based on your tax bracket. So, we should be using the marginal tax rate.