Marginal tax rate
In a tax system and in economics, the tax rate describes the ratio (usually expressed as a percentage) at which a business or person is taxed. There are several methods used to present a tax rate: st...
Effective marginal tax rate
The effective marginal tax rate (EMTR) is the combined effect on a person's earnings of income tax and the withdrawal of means testing of state welfare benefits. The EMTR is the percentage of an extra...