From the tax brackets Tag

Effective vs. Marginal Tax Rates – Did You Know?

Do taxpayers belonging to the “22% tax bracket” actually pay federal income taxes equal to 22% of their earnings? The answer is no, and the explanation lies in the difference between marginal and effective […]

What the 2018 Tax Brackets Look Like Under Tax Reform

We heard last week that the max personal tax category would be 37%. We now have info on all the personal tax categories along with a few more details. One more committee review then […]