Avery and Baker are both high-income single taxpayers who have exactly the same amount of taxable income.

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Avery and Baker are both high-income single taxpayers who have exactly the same amount of taxable income. However, Avery is subject to a marginal tax rate far lower than the marginal rate for Baker. Neither of them has any capital gains or losses. What is the most probable explanation of the large difference in mar¬

ginal tax rates for these two individuals? LO2

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Accounting The Basis For Business Decisions

ISBN: 9780070415515

5th Edition

Authors: Robert F. Meigs, Walter B Meigs

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