GOBankingRates on MSN

Marginal vs. effective tax rate: What they mean — and why both matter

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

8 states cut income tax rates on Jan. 1. Is yours one of them?

A handful of states have lowered their individual income tax rates this year. Is one of them yours?
GOBankingRates on MSN

I asked ChatGPT what would happen if billionaires paid taxes at the same rate as the middle class

What would happen if billionaires paid taxes at the same rate as the middle class? The answer reveals some surprising truths ...
Financial Planning

Billionaires paid lower effective tax rates than most of US

The total effective tax rate for the 400 wealthiest Americans was lower than the general population, according to a new study. The study, from UC Berkeley economists Akcan Balkir, Emmanuel Saez, Danny ...
University of California

The ultra-rich are different from you and me. Their tax rates are lower.

Total effective tax rates for the 400 wealthiest Americans have declined sharply in recent years, and they now pay a smaller percentage of their true income in taxes than the average American, ...