TaxGuided
All glossary terms

Glossary term

Marginal Tax Rate

The tax rate applied to the next dollar of taxable income.

Related terms

1

Jurisdictions

us

Definition

Marginal rates apply progressively under Section 1, so different layers of income are taxed at different rates. A taxpayer's marginal rate is the rate on the top bracket their income reaches, while their effective rate is the average rate paid overall.

Examples

  • A single filer with $100,000 taxable income in 2024 has a 24 percent marginal rate but a lower effective rate.

Related terms

Translations

EStasa marginal de impuesto
ZH边际税率
DEGrenzsteuersatz
FRtaux marginal d'imposition
JA限界税率

Citations

26 U.S.C. · 1

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Important disclaimer

This library is for general tax education only. Always verify filing obligations, due dates, and tax consequences against the cited primary source or with a qualified tax professional.