The TaxBreak $ 1k used the bottom AGI division to determine
what marginal tax bracket the household fell into.
Not exact matches
So, again, I think it's a good opportunity to do an apples - to - apples comparison of
what does it look like, where are you at in the
tax bracket, where do you fall in the new
marginal tax bracket, and then do an apples - to - apples comparison to see do municipal bonds provide a greater after -
tax value for you or does being in a taxable bond portfolio provide that greater value?
And just about everybody's going to be in a different
marginal tax bracket going forward; albeit, they'll probably be in a close
marginal tax bracket than
what they are today or
what they were in 2017.
We've started to struggle to stay out of certain
marginal tax brackets too (
what a great problem to have!).
The
marginal rate shows
what percentage you will pay in
taxes for the income that fall in a particular
bracket.
I am not sure
what your current incomes and
marginal tax brackets are today.
It's an interesting rate because it shows
what we actually paid in
taxes across all
marginal tax brackets and after all credits and deductions.
The first step in understanding how
tax affects you is to know
what «
marginal tax bracket» you are in.
Nonetheless, we can know
what the
marginal tax rate will be for this year, and in practice there are many situations where that
tax bracket is low enough that we can be virtually certain it is favorable compared to almost any likely future.
When someone asks
what tax bracket you fall into, they generally want to know your «
marginal tax rate».
What's interesting to note here is that the money went into our retirement account at a
marginal 28 %
tax bracket most years.
The incorporated thing - from
what I understand - will only make sense once you're past that highest
marginal tax bracket... as you're right, it (incorporated entity) gets
taxed at a high rate.