Tax Policy Center

wage and salary income

Individual Taxes: TaxVox
Each year when I complete my federal income tax return, Turbotax tells me my average tax rate—how much tax I owe measured as a percentage of my total income. But it would be better if I learned my marginal tax rate or MTR—the percentage tax that I would pay on an additional dollar of income. That’s
October 9, 2012Roberton C. Williams