JosephS1
Expert Alumni

Retirement tax questions

A blended tax rate is a net percentage of your total tax compared to your total income.  As your income grows, you step up the ladder in your tax rate.  That does not mean your total income is taxed at the highest rate you have climbed into but is "blended" with the lower rates you are taxed at for that particular income level.  You can see this better by looking at the tax charts in the link below:

 

Federal Tax Rates for 2022

 

@Kahugu

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