Tax Rate Formula Question

[balugawhale]

Tax Rate = CLIP(0, -4 * (TradeBalance/Networth + 4), 98)


What does CLIP mean? And can somebody give me an example on how to use this particular formula? Thank You.

[Palem]

http://www.kscape.com/content/power-clip-function

[balugawhale]

So if tax rate = clip (0, 50, 98)

What would be the tax rate? And how did you conclude this exactly?

[Palem]

It would be 50%

It just puts a bound on the range of the function between the two outer numbers.

[balugawhale]

oh i see, so whatever number above 0 and lower than 98 is that number.

Thanks Palem.