This table provides a faster calculation of a taxpaying household’s effective tax rate, taking into account the taxation that is occurring across (potentially) multiple tax brackets.
Married and Filing Jointly: Federal Tax Due + Marginal Rate on Additional Income
|Taxable Income||Tax Due Plus Marginal Rate||Effective Federal Rate at Midpoint*|
|$0-$19,050||10% of actual income||10.00%|
|Over $19,050 but under $77,400||$1,905 plus 12% of excess over $19,050||11.21%|
|Over $77,400 but under $165,000||$8,907 plus 22% of excess over $77,400||15.30%|
|Over $165,000 but under $315,000||$28,179 plus 24% of the excess over $165,000||19.24%|
|Over $315,000 but under $400,000||$64,179 plus 32% of the excess over $315,000||21.76%|
|Over $400,000 but under $600,000||$91,379 plus 35% of the excess over $400,000||25.28%|
|Over $600,000+||$161,379 plus 37% of the excess over $600,000||26.90% plus 37% on excess|
Note: this does not include 1) other federal taxes (AMT, Net Investment Income Tax, etc.), 2) the impact of things like deductions, which can drastically alter your tax liability, or 3) payroll taxes due, such as Social Security and Medicare, or local taxes due to a state/county/city government. See our detailed analysis of 2018 federal income tax rates for individuals and families for additional information.
*This is a simple illustration of one’s effective (hypothetical) federal income tax rate at certain income levels. This illustration has been offered to remind readers of the difference between the marginal tax rate and the effective tax rate.