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tax declaration on line


chirpy

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Marginal rate of taxation...?...

 

Whatever you need to have taxed or is being taxed will have a very small rate imposed on it, possibly in the order of 0.xx % of a given sum....

That kind of thinking, I think! ..... 

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It means the tax rate you are paying on the highest part of your income.  In other words, it's the additional tax you would pay if your income were a bit higher, or the tax you would have saved if your income had been a bit less.

Also sometimes known as your incremental tax rate.

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