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Marginal tax rate

Determining Your Marginal Tax Rate

If you’re single and you earn $100,000 per year, you are in the 24% tax bracket, so that means you should be paying $24,000 per year in federal income tax, right?  Well, no, it’s not that simple.  In fact, your actual tax liability will probably be much less.  And that’s because the U.S. has what […] Read more