Tax Planning - Why Doing It Now Is Vital
Note: The writer is not a CPA or tax specialized. This article is for general information purposes, and will not be construed as tax points. Readers are strongly encouraged to consult their tax professional regarding their personal tax situation. Marginal tax rate is the rate of tax obtain a on your last (or memek highest) regarding income. In the last described example, the person is being taxed with a marginal tax rate of 25% with taxable income of $45,000. This would mean they're paying 25% federal tax on her last dollars of income (more than $33,950).
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