GOBankingRates on MSN
Marginal vs. effective tax rate: What they mean — and why both matter
Marginal vs. effective tax rates are two ways to express the percentage of your income that goes to tax. But they're each ...
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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