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Jackie and Gregory are married and file a joint return. They expect to have $230,000 of taxable income in the next year and are considering

Jackie and Gregory are married and file a joint return. They expect to have $230,000 of taxable income in the next year and are considering whether to purchase a personal residence that would provide additional tax deductions of $23,000 for mortgage interest and real estate taxes.

What is their marginal tax rate for purposes of making this decision?

The marginal tax rate is ? if the personal residence is not purchased and is ? if the personal residence is purchased.

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