While that person’s marginal tax rate is 22 percent, their effective tax rate is about 15 percent. To determine your effective tax rate, simply divide your total taxes owed by your taxable income.

Effective tax rate is your average tax rate as a percentage of your total income. Learn how effective tax rates differ from ...

Your marginal tax rate is the highest income tax rate you’ll pay on your income. Because the U.S. has a progressive tax system, different tiers of your income are taxed at different rates. The ...

The government’s plan to reduce the lowest federal marginal personal income tax rate from 15% to 14% will cost $28.2 billion ...

Your marginal tax rate is the highest income tax rate you’ll pay on your income. Because the U.S. has a progressive tax system, different tiers of your income are taxed at different rates.