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CONGRESS OF THE UNITED STATES CONGRESSIONAL BUDGET OFFICE A For m CBO PAPER 1040 D ear m extort Try the east I t Neil y er n Re venue SER CE vi U S I vi TDI dual com e Tax RET n T AUGUST your Fort

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What is effective federal tax rates?

Effective federal tax rates refer to the percentage of income that an individual or corporation pays in taxes after taking into account deductions, credits, and exemptions.

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