Your marginal tax rate is the highest income tax rate you’ll pay on your income. Because the U.S. has a progressive tax system, different tiers of your income are taxed at different rates. The ...

The U.S. tax system is progressive, meaning that higher slices of income are taxed at higher rates. The arrangement is designed to ensure that individuals who earn more pay a larger share of taxes ...

Over the past several years, most of the public discussion over tax policy has focused on how much the wealthy should pay and what the top marginal tax rate should be. After extensively debating the ...

Sitting down to file taxes can sometimes bring an unpleasant surprise of taxes owed or a pleasant relief of a hefty refund. After filing taxes for years, you might wonder how the government calculates ...

The Internal Revenue Service has released its new marginal tax rates for next year. For 2025, tax adjustments will generally apply to income tax returns to be filed starting in the 2026 tax season.

The latest news from Washington isn't good. The political winds have shifted and “millionaires” now are expected to shoulder much of the burden of balancing the budget. The recently proposed 5.6% ...

The IRS announced last week that the standard deductions for all filing classifications will be increased for the 2024 tax season. The standard deduction for married couples filing jointly for tax ...

The standard deduction is also going to increase for the 2026 tax year, so those high earners who claim the standard deduction will get to subtract more of their money from their taxable income. The ...

Different types of tax provisions shape effective marginal tax rates on the earning of income, and some basic principles should govern the roles of these provisions. In a companion article to be ...

Forbes contributors publish independent expert analyses and insights. Elizabeth Bauer is an actuary who writes about retirement policy. Reformers have long bemoaned the manner in which poor workers ...

With Tax Day just around the corner, it is a good time to put post-WWII top marginal tax rate into context. Many find it hard to believe that the top rate was 91% during the Eisenhower years. No, that ...

Joe Biden's proposed tax plan would see California have the highest combined top marginal state and local tax (SALT) rates in the U.S., according to a leading free market think tank. Analysis by the ...