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Federal Tax Rates

How Do Marginal Tax Rates Work?

Come tax season, there’s a question we all want to know: How much will I have to pay in taxes, and how will that affect my income afterward? Good questions, with some not-so-easy answers. The key to understanding how this works is to grasp a component of the tax code known as the marginal tax rate. Marginal Tax Rates: What You Need To Know In essence, marginal tax rates are …Continue Reading