It’s likely that portions of your taxable income are taxed at different rates, in different tax brackets. Your marginal tax bracket represents the highest tax rate you’ll pay on your taxable income.

What Are the Tax Brackets? Tax brackets were created by the IRS to implement America’s “progressive” tax system, which taxes higher levels of income at the progressively higher rates mentioned earlier ...

If you get a raise next year, there’s a chance your tax rate won’t change thanks to new tax brackets recently released by the Internal Revenue Service. And if you earn the same amount or less, your ...