## What does marginal tax mean?

What does marginal tax mean?
The marginal tax rate is the amount of additional tax paid for every additional dollar earned as income. The average tax rate is the total tax paid divided by total income earned. A 10 percent marginal tax rate means that 10 cents of every next dollar earned would be taken as tax.
What is marginal tax rate based on?
The marginal tax rate is the… Read the rest