“Buy low, sell high”. Everyone’s heard of that one. In fact, we’ve probably all heard it so much we no longer have to think about the math behind it, we just *know* that means you’ve made money. There are some things you don’t even have to think about any more, you just feel them. “Your average income tax rate is not the same as your marginal income tax rate”. That one requires a little more thought, but yes, it makes sense; only the amount of taxable income that falls in the highest marginal bracket is taxed at that rate; the…
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