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Tax Bracket Calculator
See which tax bracket you're in and calculate effective rate
Income Information
$
$
Standard or itemized
$
Long-term gains
Taxable Income
$85,400
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Federal Tax
$14,096
🏛️
Effective Rate
18.4%
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Marginal Rate
22%
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Tax Summary
Gross Income
$100,000
Total Tax
$18,366
Effective Rate
18.4%
Take Home
$81,635
Income Distribution
Tax by Bracket
Your Tax Brackets
| Rate | Income Range | Tax on Bracket | Status |
|---|---|---|---|
| 10% | $0 - $11,000 | $1,100 | Active |
| 12% | $11,000 - $44,725 | $4,047 | Active |
| 22% | $44,725 - $95,375 | $8,949 | Active |
| 24% | $95,375 - $182,100 | - | N/A |
| 32% | $182,100 - $231,250 | - | N/A |
| 35% | $231,250 - $578,125 | - | N/A |
| 37% | $578,125 - $∞ | - | N/A |
Understanding Tax Brackets
How Tax Brackets Work
- Progressive System: Higher income taxed at higher rates
- Marginal Rate: Rate on your last dollar earned
- Effective Rate: Average rate on total income (always lower)
- Only income in each bracket is taxed at that rate
Key Differences
- Marginal (22%): Tax rate on next dollar earned
- Effective (18.4%): Overall tax rate you pay
- Example: In 24% bracket doesn't mean you pay 24% on all income
- Lower brackets still apply to earlier income
Tax Planning Tips
- Maximize deductions to lower taxable income
- Contribute to retirement accounts (401k, IRA)
- Consider tax-loss harvesting for investments
- Time income and deductions strategically