Marginal Tax Rates 2024 . That is $6,600 less than if a flat 24% federal. For example, if your income falls into the 24% tax bracket, your.
For example, if you’re a single filer who earned $70,000 in income in 2023, your marginal tax rate is 22% because you earned income that falls within the $44,276 to $95,375 tax bracket. You pay tax as a percentage of your income in layers called tax brackets.
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Tax rates for the 2024 year of assessment Just One Lap , The federal marginal tax rate is the federal income tax rate owed on your highest dollar of income.
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