A profit-maximizing firm focuses on raising net earnings and proving profitability to investors whenever possible. While businesses often fall into profit-seeking behaviors naturally, there are other ...

Paying taxes is never pleasant, which, perhaps, is why so many Americans often complain about the taxes they pay in language that inflates the percentages they're paying. Yeah, it's that bad! Well, no ...

Each year when I complete my federal income tax return, Turbotax tells me my average tax rate—how much tax I owe measured as a percentage of my total income. But it would be better if I learned my ...

Question: What is the difference between marginal and effective tax rates, and which is more important? Answer: The most straightforward way to think of the difference is that your marginal tax rate ...

Marginal analysis was the heart of early Austrian economics and was quickly adopted into mainstream economics, where it is central to modern microeconomic analysis. Amazingly, many people in business ...