What Does Effective Tax Rate Mean?

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What does Effective Tax Rate mean? Read on to discover the definition & meaning of the term Effective Tax Rate - to help you better understand the language used in insurance policies.

Effective Tax Rate

Effective Tax Rate

The sum of federal and state taxes applicable to an insured's income, taking into account loss carry forwards.

We hope the you have a better understanding of the meaning of Effective Tax Rate.

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