Many define financial success by what tax bracket they're in, with higher marginal tax rates applying to taxpayers as their income rises. Yet a tax bracket only tells you what tax rate applies on the ...

Effective and marginal tax rates might not be familiar terms. However, they’re essential concepts to understand because they ...

Question: What is the difference between marginal and effective tax rates, and which is more important? Answer: The most straightforward way to think of the difference is that your marginal tax rate ...

Julia Kagan is a financial/consumer journalist and former senior editor, personal finance, of Investopedia. Michael Boyle is an experienced financial professional with more than 10 years working with ...