04-19-2022, 02:39 PM
mattkime wrote:
[quote=Speedy]
I’m not thrashing through my return to figure out the difference between the marginal and effective.
marginal tax rate - rate you pay on each additional dollar of income (the highest rate in a graduated tax)
effective tax rate - the percentage you're paying against your income. $10 on $100 income is 10%.
Thanks!