Text Callout : Key Takeaways - How to Calculate Your Effective Tax Rate Your effective tax rate is a good indicator of how well you’ve been managing your tax situation. It’s smart to calculate your ...
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What Is the Marginal vs. Effective Tax Rate?
Effective and marginal tax rates might not be familiar terms. However, they’re essential concepts to understand because they ...
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Effective tax rate is your average tax rate as a percentage of total income. Marginal tax rate is the tax on your highest dollar earned, not your total income. Historically, top marginal rates have ...
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