Marginal Tax Rates 2024 Irs. Divide $10,453 by $85,000 and you get an effective tax rate of 12 percent, which is much lower than your 22 percent top, or marginal, tax bracket. Your marginal—or top—tax rate is 22%.


Marginal Tax Rates 2024 Irs

Marginal tax rate is different than the effective tax rate and refers to the highest tax bracket your last dollar of taxable income falls under. The total tax paid as a percentage of total income taxed.

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