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(Solved): Most people's effective tax rate is much lower than their highest marginal tax rate because: a. The ...



Most people's effective tax rate is much lower than their highest marginal tax rate because: a. The tax code is designed to tax higher income people at higher rates b. The tax calculations are based on averages not exact numbers c. Most people cheat on their taxes d. Because of the impact of Schedule 1 Adjustments to Income and either the Standard or Itemized Deductions that reduce Adjustable Gross Income to Taxable Income.



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