What is the federal income tax percentage?

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Pyscho

Social Studies

9 August, 02:29

What is the federal income tax percentage?

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Nickolas Church · Answer 1

Progressive system, marginal rates. The federal income tax is progressive, meaning that tax rates increase as your taxable income goes up. As of publication, for example, income was taxed at seven rates: 10 percent, 15 percent, 25 percent, 28 percent, 33 percent, 35 percent and 39.6 percent.