What Is an Effective Tax Rate?

Author: External Author | | Categories: Accounting Firm , Accounting Solutions , Bookkeeping Firm , Bookkeeping Solutions

pexels-pixabay-209224.jpg

Your effective tax rate is the percentage of your overall taxable income that you pay in taxes. “Effective” is a tax way of saying “average,” and this rate is usually considerably less than your marginal tax rate, which is hinged to your highest tax bracket.

Read More

Original Article Source Credits: The Balance, https://www.thebalance.com/

Article Written By: Beverly Bird

Original Article Posted on: 6th January 2021

Link to Original Article: https://www.thebalance.com/how-to-calculate-your-effective-tax-rate-4685263



READ MORE BLOG ARTICLES

Back to top of page