Taxes The one thing about taxes we can rely on is that they will always be changing Marginal vs.average tax rates Marginal-the percentage paid on the next dollar earned Average-the tax bill taxable income Other taxes 66 Taxes n The one thing about taxes we can rely on is that they will always be changing n Marginal vs. average tax rates q Marginal – the percentage paid on the next dollar earned q Average – the tax bill / taxable income n Other taxes