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Revision as of 00:57, 10 November 2026


The IRS has set many tax deductions and benefits secured for citizens. Unfortunately, some taxpayers who earn a advanced level of income can see these benefits phased out as their income ascends. Marginal tax rate is the rate of tax devote on your last (or highest) number of income. In the described example, the individual is being taxed with a marginal tax rate of 25% with taxable income of $45,000. And also mean this person is paying 25% federal tax on her last dollars of income (more than $33,950).

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