Glossary
Effective tax rate
Total tax divided by total income: the rate you actually paid across all brackets. It always sits below the marginal rate, which is why 'I'm in the 22% bracket' overstates most tax bills.
Full treatment
Taxes guide
Glossary
Total tax divided by total income: the rate you actually paid across all brackets. It always sits below the marginal rate, which is why 'I'm in the 22% bracket' overstates most tax bills.
Full treatment
Taxes guide