Research Report Hidden Taxes and Subsidies
Leonard E. Burman, Mohammed Adeel Saleem
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An individual's marginal tax rate--the additional tax that would be owed on an additional dollar of income--is an important indicator of how the tax system affects incentives to work, save, and comply with the tax system. It is natural to think of marginal tax rates as identical to the statutory tax rates--currently 10, 15, 25, 28, 33, and 35 percent--but this is not true for many people.
Research Areas Taxes and budgets
Tags Individual taxes Federal budget and economy