Marginal vs. effective tax rates are two ways to express the percentage of your income that goes to tax. But they're each used for very different purposes.

Effective and marginal tax rates might not be familiar terms. However, they’re essential concepts to understand because they determine how much income you’ll have to fork over to the government every ...

Your marginal tax rate is the highest rate applied to your income. Understanding your marginal tax rate aids in financial decision-making. Other taxes like payroll and state taxes also impact your ...

Many taxpayers are confused about the difference between effective and marginal tax rates. The marginal tax rate is the rate of tax charged on a taxpayer's last dollar of income. The effective tax ...