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 ...

Your effective tax rate is a good indicator of how well you’ve been managing your tax situation. It’s smart to calculate your effective tax rate each year to help you make adjustments to your ...

Some people do pay higher tax rates than those earning £1m, but only when their income rises between certain amounts. The estimate of 800,000 people affected only applies to relatively high earners, ...