The character of income is a factor in determining the rate at which the income is taxed.

Name: The character of income is a factor in determining the rate at which the income is taxed.
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The character of income, such as wages, interest, or capital gains, is one of the important factors in determining the applicable tax rate. Different types of income may be subject to different tax rates or treatment under the tax laws.

The Character of Income Is a Factor in Determining the Rate