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Thread: Tax Rate Formula Question

  1. #1
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    Tax Rate Formula Question

    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.

  2. #2
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  3. #3
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    So if tax rate = clip (0, 50, 98)

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

  4. #4
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    It would be 50%

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

  5. #5
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    oh i see, so whatever number above 0 and lower than 98 is that number.

    Thanks Palem.

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