https://ttlc.intuit.com/community/self-employed-group/discussion/what-are-the-breakdowns-for-different-tax-brackets/01/2368378#M3134 <P>What are the percentages taxed on different levels of income? E.g., if I earn $100,000, I’m in x bracket for y%.<BR />If I earn $30,000, I’m in x bracket for y%.</P> Wed, 27 Oct 2021 17:30:53 GMT kathleenh 2021-10-27T17:30:53Z https://ttlc.intuit.com/community/self-employed-group/discussion/what-are-the-breakdowns-for-different-tax-brackets/01/2368378#M3134 <P>What are the percentages taxed on different levels of income? E.g., if I earn $100,000, I’m in x bracket for y%.<BR />If I earn $30,000, I’m in x bracket for y%.</P> Wed, 27 Oct 2021 17:30:53 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/what-are-the-breakdowns-for-different-tax-brackets/01/2368378#M3134 kathleenh 2021-10-27T17:30:53Z https://ttlc.intuit.com/community/self-employed-group/discussion/re-what-are-the-breakdowns-for-different-tax-brackets/01/2368450#M3135 <P>There are seven tax brackets, with the lowest tax bracket being subject to a 10% marginal tax rate and the highest being subject to a 37% marginal tax rate.&nbsp; Your marginal tax rate depends on your taxable income within the brackets.&nbsp; The tax bracket income thresholds also depend on your filing status. Here is a chart from a great article, <A href="https://blog.turbotax.intuit.com/tax-planning-2/what-is-a-tax-bracket-24007/" target="_self">What is a Tax Bracket?</A>&nbsp;,which explains the tax brackets in the chart in more depth:&nbsp; &nbsp;<span class="lia-inline-image-display-wrapper lia-image-align-inline" image-alt="tax brackets.png" style="width: 999px;"><img src="https://ttlc.intuit.com/community/image/serverpage/image-id/24093i58954A5DC9C342B8/image-size/large?v=v2&amp;px=999" role="button" title="tax brackets.png" alt="tax brackets.png" /></span><span class="lia-inline-image-display-wrapper lia-image-align-inline" image-alt="tax brackets.png" style="width: 0px;"><img src="https://ttlc.intuit.com/community/image/serverpage/image-id/24092i56A2D9765533341E/image-size/small?v=v2&amp;px=200" width="0" height="0" role="button" title="tax brackets.png" alt="tax brackets.png" /></span></P> Wed, 27 Oct 2021 17:50:01 GMT https://ttlc.intuit.com/community/self-employed-group/discussion/re-what-are-the-breakdowns-for-different-tax-brackets/01/2368450#M3135 NancyDrew 2021-10-27T17:50:01Z