The marginal rate of 70 percent on a taxable income of P200,000.
a. applies to capital gains as well as to dividend income
b. has no effect whatever because of exemptions, deductions and tax avoidance.
c. means that the average person with P200,000 of income pays P140,000 in taxes
d. signifies the collection of P.70 on each additional peso of income for a person in that tax bracket.?
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Asked by Roe
on 16th May, 2019
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