Marginal vs. effective tax rates are two ways to express the percentage of your income that goes to tax. But they're each ...

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 ...

A progressive tax is when the tax rates increase (or “progresses”) as the taxable income increases for an individual or a ...