Many times I will get a farmer to ask me what their marginal tax bracket is. But they also want to know what the average rate they paid on their total income. These are two different numbers.

It’s a common misconception that your marginal tax rate, which determines your tax bracket, is what you pay in taxes. You may fall in the 22% tax bracket, for example, but your full income isn ...

So, let’s look at income tax brackets and marginal tax rates for 2024 and 2025, beginning with some basics and key points. Profit and prosper with the best of expert advice on investing ...