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How to see my tax rate by looking at tax return

 
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How to see my tax rate by looking at tax return

Divide the amount on form 1040 line 63 (Total Tax) by line 43 (Taxable Income) to get the tax rate %.  See this re marginal rates:

http://fairmark.com/general-taxation/reference-room/2015-tax-rate-schedules/

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Level 15

How to see my tax rate by looking at tax return

Divide the amount on form 1040 line 63 (Total Tax) by line 43 (Taxable Income) to get the tax rate %.  See this re marginal rates:

http://fairmark.com/general-taxation/reference-room/2015-tax-rate-schedules/

View solution in original post

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