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Which of the following statements about marginal tax rates is true?
a. A taxpayer's marginal rate can change with every transaction
b. As the marginal rate increases, the tax savings of an income-generating transaction decreases
c. As the marginal rate increases, the tax savings from a deduction increases
d. Both a taxpayer's marginal rate can change with every transaction and, as the marginal rate increases, the tax savings from a deduction increases
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