Marginal tax rate
Marginal tax rate is the tax rate on the last unit of income.
Definitions
According to Financial Management Theory and Practice by Eugene F. Brigham and Michael C. Ehrhardt (13th edition),
- Marginal tax rate. The tax rate on the last unit of income.
According to Fundamentals of Financial Management by Eugene F. Brigham and Joel F. Houston (15th edition),
- Marginal tax rate. The tax rate applicable to the last unit of a person's income.
Related concepts
- Financial management. A combination of enterprise efforts undertaken in order to procure and utilize monetary resources of the enterprise.
