Marginal vs. Average Tax Rate, what’s the difference?

Have you ever heard someone say, “I don’t want to work too much overtime because it’ll put me in a higher tax bracket”?  Or this classic, “I don’t want to get too big a raise, because I’ll just have to pay more in taxes”? I used to hear statements like these from friends and colleagues […]

Marginal vs. Average Tax Rate, what’s the difference? Read More »