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Version du 11 novembre 2024 à 01:57
Note: Mcdougal is not a CPA or tax quality. This article is for general information purposes, and needs to not be construed as tax advice. Readers are strongly encouraged to consult their tax professional regarding their personal tax situation.
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Marginal tax rate is the rate of tax devote on your last (or highest) amount income. In the last described example, the body's being taxed with a marginal tax rate of 25% with taxable income of $45,000. This would mean he or she is paying 25% federal tax on her last dollars of income (more than $33,950).
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