[{"data":1,"prerenderedAt":58},["ShallowReactive",2],{"term:marginal-tax-rate":3},{"term":4,"related":45},{"id":5,"title":6,"body":7,"category":27,"description":28,"extension":29,"faq":30,"meta":31,"navigation":32,"path":33,"related":34,"seo":38,"stem":39,"takeaways":40,"__hash__":44},"terms\u002Fterms\u002Fmarginal-tax-rate.md","Marginal Tax Rate",{"type":8,"value":9,"toc":22},"minimark",[10,15,19],[11,12,14],"h2",{"id":13},"understanding-marginal-tax-rate","Understanding Marginal Tax Rate",[16,17,18],"p",{},"Your marginal rate is the rate of the highest bracket your income reaches. It matters for decisions such as how much a raise, bonus, or deduction is worth.",[16,20,21],{},"A deduction saves tax at your marginal rate: at a 22% marginal rate, a $1,000 deduction saves $220.",{"title":23,"searchDepth":24,"depth":24,"links":25},"",2,[26],{"id":13,"depth":24,"text":14},"taxes","The tax rate paid on your next dollar of income.","md",[],{},true,"\u002Fterms\u002Fmarginal-tax-rate",[35,36,37],"tax-bracket","effective-tax-rate","tax-deduction",{"title":6,"description":28},"terms\u002Fmarginal-tax-rate",[41,42,43],"The marginal rate applies to your next dollar of income.","It is higher than your average (effective) rate.","Deductions save tax at the marginal rate.","QpV07O87zw9TlLIfNJFS1lTmhCLeIDYnjKw1KV10Sbc",[46,50,54],{"title":47,"description":48,"path":49},"Effective Tax Rate","The share of your total income that you actually pay in tax.","\u002Fterms\u002Feffective-tax-rate",{"title":51,"description":52,"path":53},"Tax Bracket","A range of income taxed at a particular rate in a progressive tax system.","\u002Fterms\u002Ftax-bracket",{"title":55,"description":56,"path":57},"Tax Deduction","An amount subtracted from income before tax is calculated.","\u002Fterms\u002Ftax-deduction",1793374005410]