Federal Tax Brackets for Businesses for 2019 & 2020
The federal income tax is considered a progressive tax by economists because as taxable income increases, income above a given bracket threshold is taxed at a higher marginal rate. Table 1. Marginal Income Tax Rates for Married Couples, 2020 Filing as Married Joint Filers If taxable income is: The marginal tax rate is: The maximum amount of taxable ................
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