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Title: "How to Calculate Your Effective Tax Rate." Subtitle: "Correcting the Marginal Tax Bracket False Perception." Image of three nested buckets with dollar bills in the background

How To Calculate Your Effective Tax Rate

Despite my income putting me in the 22% tax bracket for the 2019 year, my effective tax rate was only 11.4% – essentially half of the marginal tax rate! Maybe this already makes sense to you. However, there definitely seems…