What is my tax rate?
You actually don’t have one “tax rate”, per se.
In the United States, we’re in a progressive income tax system, meaning higher levels of income are taxed at higher rates. Your marginal tax rate is the percentage you pay on the “last dollar” of taxable income that you earn; but your effective tax rate is the averaged percentage you pay on all taxable income, which is generally less than the marginal tax rate percentage.
To learn more about your specific marginal tax rate, view our Tax Rates page.
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