MLchartDataset catalogue

Marginal tax rate

Term · Law · MLC-T-LAW-003150

The tax rate applied to the last dollar of taxable income earned by an individual or corporation. This rate determines how much additional tax is paid for each additional unit of income. Progressive tax systems feature multiple marginal tax rates, with higher rates applying to higher income brackets.

Table 1. Record
IdentifierMLC-T-LAW-003150
FieldLaw
Record as JSON 
{
  "id": "MLC-T-LAW-003150",
  "term": "Marginal tax rate",
  "field": "Law",
  "definition": "The tax rate applied to the last dollar of taxable income earned by an individual or corporation. This rate determines how much additional tax is paid for each additional unit of income. Progressive tax systems feature multiple marginal tax rates, with higher rates applying to higher income brackets.",
  "url": "https://mlchart.com/terminology/law/marginal-tax-rate/"
}

Record 3,115 of 5,441 in Law terminology (MLC-0107). Request the full dataset.