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if your household income is $60,000 and you are in the tax bracket of [$50,001-$75,000], with tax rate listed as 25%, your average tax rate

if your household income is $60,000 and you are in the tax bracket of [$50,001-$75,000], with tax rate listed as 25%,

your average tax rate is 25%

your marginal tax rate is 25%

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