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Nope. The IRS publishes effective taxes rates for income quintiles. The effective rate goes up as you go up in income. It is true the effective rate is lower
by refurb 4y ago
Nope. The IRS publishes effective taxes rates for income quintiles. The effective rate goes up as you go up in income.
It is true the effective rate is lower than the statutory rate for a given bracket, but that's true for all income levels.