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Definition of 'Effective Tax Rate'
The rate a taxpayer would be taxed at if taxing was done at a constant rate, instead of progressively.
Calculated as total tax paid divided by taxable income.
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Investopedia explains 'Effective Tax Rate'
This is the net rate a taxpayer pays if you include all forms of taxes.
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Feel like the government always has its hand in your pocket? Learn the theory behind how it decides how much to take.
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International investors need to be aware of the staggering correlation between tax rates and economic performance.
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