Taxes: Marginal & Effective Tax Rates

01/13/20 • 7 min

The 2020 tax season is upon us and so I'm busy answering tax questions for clients.
When it comes to your tax rates, it may be confusing because the U.S. tax system is progressive.
This means you have two tax percentages to be aware of: your marginal tax rate and your effective tax rate.
https://youtu.be/zjiCjgVCQoA
http://poweruptaxplanning.com/
https://www.levelupfinancialplanning.com/

Previous Episode

Take Your Budget to the Next Level

Understand the basic components of a budget, as well as advanced strategies.
I cover the following:

Why most people avoid budgeting
The core parts of a budget
The part you should focus on
Common budgeting tools
Budgeting tricks and tips
The importance of emergency savings
How to plan for irregular expenses
A reflection on your lifestyle creep

https://www.levelupfinancialplanning.com/how-to-be-a-baller-on-a-budget-strategy-guide/
https://youtu.be/HgpkWBzF4J0

Next Episode

Taxes Deductions and Tax Credits

It's the 2020 tax season and I'm bringing short episodes regarding important topics you should understand when it comes to filing your taxes.
In this episode we cover: