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Topic: Marginal tax rate


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In the News (Sun 20 Dec 09)

  
  Marginal Tax Rate Calculator - Financial Calculators from Dinkytown.net
This calculator helps you estimate your average tax rate, your current tax bracket, and your marginal tax rate for the 2007 tax year.
Your marginal tax rate is useful when calculating taxes on additional income, such as the taxes on a windfall or a year end bonus.
Taxpayers in the 10% or 15% bracket pay a 5% rate of tax on dividends paid between January 1, 2003, and December 31, 2007, and zero percent in 2008.
www.dinkytown.net /java/TaxMargin.html   (1376 words)

  
  Marginal tax rate - Wikipedia, the free encyclopedia
An individual's tax bracket is the range of income for which a given marginal tax rate applies.
The marginal tax rate may increase or decrease as income increases, although in most countries the tax rate is (in principle) progressive: the income tax rate increases with income to some maximum rate.
Marginal tax rate generally refers only to income tax, and hence often ignores sales or consumption taxes; non-taxable forms of income (or different tax rates imposed on different types of income); tax deductions or other tax reductions possible; and various payroll taxes that may be paid by the individual or the employer.
en.wikipedia.org /wiki/Marginal_tax_rate   (508 words)

  
 Marginal Tax Rates, by Alan Reynolds: The Concise Encyclopedia of Economics: Library of Economics and Liberty
In 1983 to 1984, Turkey's marginal tax rates were slashed: the minimum rate dropped from 40 to 25 percent, the maximum from 75 to 50 percent.
Tax rates were cut from 60 percent to 35 percent, and the economy grew by 5.4 percent a year from 1981 through 1987.
Apparent "tax cuts"—from a top marginal rate of 70 percent to 33 percent—became actual tax increases, particularly for "the rich." The explanation for this paradox lies in the critical distinctions between average and marginal tax rates, and between "static" effects right now and "dynamic" effects over years and decades.
www.econlib.org /library/enc/MarginalTaxRates.html   (1424 words)

  
 Effective Tax Rate Calculator
Your marginal tax bracket is the tax bracket of the top of your income, the highest bracket your income falls into.
If 5% of your income goes to paying state income tax, the amount lost to state tax won't be double-taxed by the federal government (note: this may change for the 2006 tax year, as there are proposals in Congress to eliminate the state tax deduction).
The actual percentage of your total income that goes to federal income tax is called the "effective tax rate." To figure out your effective tax rate, you first need to figure out your taxable income by subtracting any deductions from your total income.
iloancalculator.com /calculators/effective_tax_rate_calculator.html   (1207 words)

  
 What's Your Marginal Tax Rate? (Tax Guide: Personal Finance) | SmartMoney.com
Your marginal tax rate — including federal, state, and local income taxes and federal payroll and self-employment taxes — is the percentage that will come off the top of your next dollar of incremental taxable income.
But your real marginal rate is higher than the stated percentage, because your itemized deductions gradually evaporate as you move up the income ladder.
Or your marginal rate may be constant over the entire $5,000 range of incremental income.
www.smartmoney.com /tax/filing/index.cfm?story=marginal   (910 words)

  
 Your Marginal Tax Rate
You need to know this because the rate of tax you are paying on your highest dollars of income is called your marginal tax rate, and it can have a tremendous impact on many of your financial decisions.
This new 10% tax bracket applies to the first $6,000 if you're filing as single or you're married and filing separate income tax returns, $12,000 if you're married and filing a joint return or if you're a qualifying widow(er), or $10,000 if you're filing as head of household.
This credit entitles you to a reduction of your taxes equal to 5% (the difference between the 15% rate and the 10% rate) of your income that would otherwise be eligible for the new 10% rate.
www.quicken.com /cms/viewers/article/taxes/53572   (554 words)

  
 Personal Tax News - Keeping track of latest developments in personal taxes.
Tax officials are careful not to divulge their formulas.
Under the law, the tax is fully repealed in 2010 but will be revived in 2011 with a top rate of 55% and an exemption of $1 million.
WSJ tax columnist Tom Herman discussed why some recent changes in IRS regulations may bring confusion in investment income reporting, and you'd better to wait for your brokerage firms to sort it out before filing your return.
www.personaltaxnews.com   (3097 words)

  
 M Definition
A margin call is the demand by a brokerage that an investor contribute additional cash to a margin account.
The marginal tax rate is rate of tax applicable to each additional dollar of income.
Married filing jointly is the tax filing term for a married couple filing a single tax return.
www.investorglossary.com /list/mndxl.htm   (1178 words)

  
 M
Margin is a good faith deposit that a trader puts up as collateral to hold a...
A tax benefit that allows one spouse to transfer upon death an unlimited amount of property directly to his or her spouse.
A tax filing status where a married couple files a single tax return, with the...
www.fxwords.com /m   (4256 words)

  
 How to find your Marginal Tax Rate.
You may therefore want to make financing decisions on an after-tax basis, particularly when you are comparing a tax deductible mortgage loan to a consumer loan.
This is the amount of each additional dollar of income that is taxed away.
So, if you know your marginal tax rate, you can easily determine how much tax you will save.
www.smartrefinance.net /how_to_find_your_marginal_tax_rate.html   (110 words)

  
 LIFE Web Site - Life Insurance - How Much Do I Need?
Spouse's marginal tax rate: This is the rate of tax you are paying on your highest dollars of income.
The lowest Marginal Tax Rate is 10% an applies to people who earn less than $7,299.
The highest Marginal Tax Rate is 35% for dollars earned in excess of $326,450.
www.lifefdn.org /build/insurance_needs_calculator/11.php?pt=lfinc&m=sch   (662 words)

  
 Marginal Tax Rate
The amount of tax paid on an additional dollar of income.
As income rises, so does the tax rate.
Tax Tips For The Individual Investor - We give you seven guidelines to help you keep more of your money in your pocket.
www.investopedia.com /terms/m/marginaltaxrate.asp   (162 words)

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