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Just to be clear, the short answer is "no," as you can see in the linked chart. That said, the federal funds rate is raised or lowered by the Fed in response to changing economic conditions, and long-term fixed mortgage rates do of course respond to those conditions, and often well ...
rate in the example above is 22%, theeffective tax rateis 16.1%. This figure is arrived at by dividing the total tax bill ($12,907) by income ($80,000) and multiplying by 100. The effective tax rate corresponds to what the individual ends up paying in taxes to the government. ...