What is effective tax rate vs tax bracket
Personal Income Tax Brackets and Rates - 2020 Tax Year. Taxable Income - 2020 Brackets, Tax Rate. $0 to $41,725, 5.06%. $41,725.01 to $83,451, 7.70%. 19 Feb 2020 What is your actual tax rate? In a nutshell, your top marginal rate reflects what you'll pay on the portion of your income that falls into that top bucket