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 Internal Revenue Service has released its new marginal tax rates for next year. For 2025, tax adjustments will generally apply to income tax returns to be filed starting in the 2026 tax season.

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 ...

Marginal tax rate is the rate you pay on your last dollar of income, based on your tax bracket. Effective tax rate is the average rate you pay on all of your income. Understanding the difference is ...

With Tax Day just around the corner, it is a good time to put post-WWII top marginal tax rate into context. Many find it hard to believe that the top rate was 91% during the Eisenhower years. No, that ...

Many times I will get a farmer to ask me what their marginal tax bracket is. But they also want to know what the average rate they paid on their total income. These are two different numbers. The ...

The benchmark optimal income taxation model of Mirrlees (1971) finds that the optimal marginal income tax rate (MIT) is always non-negative. A key model assumption is the coincidence between social ...

Proposed Virginia tax hikes would put it on par with other high-marginal income tax states including California and New York, says a new Tax Foundation analysis.