This method of taxation aims to fairly tax individuals based on their earnings, with low income earners and high income earners being taxed at different rates.
If you would like more information on how to positively affect your marginal tax rate this tax season, contact Pathways Consulting today!
Did you know?
There are other countries aside from the U.S. that have marginal tax rates! Australia, Canada, Finland, Germany, Denmark, Italy, Japan, Great Britain, Switzerland and France are among the group of nations that use marginal tax rates. Belgium actually has one of the highest marginal tax rates—at a top rate of 54 percent!
The Pathways Team