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Jorge and Anita, married taxpayers, earn $ 1 5 0 , 0 0 0 in taxable income and $ 4 0 , 0 0 0
Jorge and Anita, married taxpayers, earn $ in taxable income and $ in interest from an investment in City of Heflin bonds. Use the US tax rate schedule for married filing jointly.
If Jorge and Anita earn an additional $ of taxable income, what is their marginal tax rate on this income?
What is their marginal rate if instead, they report an additional $ in deductions?
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