The most authoritative answer in 2024
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Benjamin Kim——Works at the International Energy Agency, Lives in Paris, France.
Your marginal income
tax bracket basically represents the highest
tax rate that you must pay on your income. ... The amount of taxable income that you earn determines which
tax bracket(s) you fall into. It is important to realize that only the money you earn within a certain
tax bracket is taxed at that
rate.
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