2006-10-30 22:49:39 · 4 answers · asked by Hank T 1 in Business & Finance ➔ Taxes ➔ United States
Start with your "taxable income": (for 2006)
$0 to $ 15,100 10%
$15,100 to $ 61,300 15%
$61,300 to $123,700 25%
$123,700 to $188,450 28%
$188,450 to $336,550 33%
$336,550 and up 35%
2006-10-30 23:08:47 · answer #1 · answered by TaxMan 5 · 3⤊ 1⤋
Your marginal rate is the amount of tax paid on the last dollar of income. Taxman's tables are a good start. Your effective rate is total income divided by tax due.
2006-10-31 16:08:01 · answer #2 · answered by skip 6 · 2⤊ 0⤋
It is your gross income divided into the tax paid. Your tax bracket dictates the amount of tax you pay, The marginal rate is the percentage of income that is paid out as taxes.
2006-10-31 08:01:51 · answer #3 · answered by waggy_33 6 · 0⤊ 3⤋
I fig: current appl:-2%(xmin4 asrisk)
2006-10-31 07:01:04 · answer #4 · answered by in6flame 2 · 0⤊ 2⤋