What is the income tax rate?
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Estimate Your Taxes Based On Federal Tax Year Rates for 2017, 2018. Calculate Your Refund Before You Prepare and E-File Your Taxes on efile.com. Taxes Made Simple. read more
The income taxes are determined by applying a tax rate, which may increase as income increases, to taxable income, which is the total income less allowable deductions. Income is broadly defined. Individuals and corporations are directly taxable, and estates and trusts may be taxable on undistributed income. read more
Source: en.wikipedia.org
Your tax bracket is the rate you pay on the "last dollar" you earn; but as a percentage of your income, your tax rate is generally less than that. read more
Source: moneychimp.com
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Source: taxpolicycenter.org
Further Research
Income Tax Rates
www.citizensadvice.org.uk
Income Tax rates and Personal Allowances
www.gov.uk
