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- Sat Jul 13, 2019 1:03 pm
- Forum: Simulation mechanics, assumptions, and inputs
- Topic: Standard Tax Deduction
- Replies: 4
- Views: 4279
If I understand the tax mechanics of FRP correctly, the input for income tax rate should be the effective tax rate paid on income, not the marginal tax rate. In instances where retirees may have very little taxable income, the marginal rate and the effective rate can be substantially different. For ...