Effective Tax Rate
February 23, 2024
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February 24, 2024 | read

Marginal Tax Rate

Brandon Hall

Marginal Tax Rate

The marginal tax rate is the percentage of tax applied to your income per the IRS tax brackets. Your taxable income determines your marginal tax rate.

You marginal tax rate determines the rate in which your next dollar earned will be taxed. For example if you are single and your taxable income is $158,000, your next dollar will be taxed at 32%.

2018 tax tables can be seen below:


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