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When taxable income on a progressive basis exceeds certain thresholds A. tax credits become more important. B. a higher rate of tax is charged on
When taxable income on a progressive basis exceeds certain thresholds
A.
tax credits become more important.
B.
a higher rate of tax is charged on all income.
C.
the tax rate is increased on the next dollars of income until a new income level is reached.
D.
deductions reach a maximum allowable amount.
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