marginal rate of tax

marginal rate of substitution
marginal rate of technical substitution

Definition

Variationmarginal rate of taxation
noun
the percentage of tax which a taxpayer pays at the top rate, which he or she therefore pays on every further pound or dollar he or she earns.
Also calledmarginal tax rate  

"...pensioner groups claim that pensioners have the highest marginal rates of tax. Income earned by pensioners above $30 a week is taxed at 62.5 per cent, more than the highest marginal rate" [Australian Financial Review]

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