Marginal vs. effective tax rates are two ways to express the percentage of your income that goes to tax. But they're each used for very different purposes.

Your marginal tax rate is the highest income tax rate you’ll pay on your income. Because the U.S. has a progressive tax system, different tiers of your income are taxed at different rates. The ...

The freeze on income tax thresholds has created a huge stealth tax raid in recent years. While it boosts the Treasury’s coffers, it means more people than ever are being dragged into higher tax bands.