Marginal tax rate
The rate at which income over a certain amount is taxed. Although in general, graduated income taxes impose higher tax rates on higher incomes, the tax rate does not rise for each additional dollar earned. Rather, it rises by income brackets, and each tax rate applies only to income that falls in that bracket. For example, in 2002, the highest marginal federal tax rate was 38.5 percent, which for single taxpayers was imposed on income in excess of $54,000.
Read Also:
- Marginal-utility
noun, Economics. 1. the extra utility or satisfaction derived by a consumer from the consumption of the last unit of a commodity.
- Marginate
[mahr-juh-neyt] /ˈmɑr dʒəˌneɪt/ adjective, Also, marginated 1. having a . 2. Entomology. having the of a distinct color: marginate with purple. verb (used with object), marginated, marginating. 3. to furnish with a ; border. /ˈmɑːdʒɪˌneɪt/ verb 1. (transitive) to provide with a margin or margins adjective 2. (biology) having a margin of a distinct colour […]
- Margination
[mahr-juh-neyt] /ˈmɑr dʒəˌneɪt/ adjective, Also, marginated 1. having a . 2. Entomology. having the of a distinct color: marginate with purple. verb (used with object), marginated, marginating. 3. to furnish with a ; border. /ˈmɑːdʒɪˌneɪt/ verb 1. (transitive) to provide with a margin or margins adjective 2. (biology) having a margin of a distinct colour […]
- Margin-call
noun, Stock Exchange. 1. a demand from a brokerage house to a customer that more money or securities be deposited in his or her margin account when the amount in it falls below that stipulated as necessary to cover the stock purchased.
- Margin-line
noun, Nautical. 1. an imaginary line used in making calculations regarding the flooding of hulls, running fore-and-aft 3 inches (8 cm) below the upper surface of the bulkhead deck at the side. 2. the line along which the planking on a transom-sterned vessel terminates aft.