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In a small saucepan, heat sugar and water over medium heat. Simmer until the sugar is dissolved and the liquid is syrupy, about 10 minutes.Let cool slightly.
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In a large pitcher, combine syrup, lime juice, orange juice, tequila, and Triple Sec.
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To prepare your glasses, run a lime wedge along the rim of your glasses and then dip in a plate of coarse salt. Spoon ice in each cup and pour margaritas over top. Garnish with extra lime wedges.