How do you know what tax bracket you re in?
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Works at the International Renewable Energy Agency, Lives in Abu Dhabi, UAE.
Your marginal income tax bracket basically represents the highest tax rate that you must pay on your income. ... The amount of taxable income that you earn determines which tax bracket(s) you fall into. It is important to realize that only the money you earn within a certain tax bracket is taxed at that rate.
2023-05-12 15:04:32
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Ethan Patel
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Your marginal income tax bracket basically represents the highest tax rate that you must pay on your income. ... The amount of taxable income that you earn determines which tax bracket(s) you fall into. It is important to realize that only the money you earn within a certain tax bracket is taxed at that rate.