Marginal Vs. Effective Tax Rate – Forbes Advisor
https://www.forbes.com/advisor/taxes/marginal-vs-effective-tax-rate/
WebJul 5, 2023 · We said, hypothetically, that you owed $20,728 in federal income tax for 2022, on taxable income of $112,050. That gives you an effective tax rate of $20,728 ÷ $112,050 = 18.5%. However,...
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