It’s likely that portions of your taxable income are taxed at different rates, in different tax brackets. Your marginal tax bracket represents the highest tax rate you’ll pay on your taxable income.

Knowing your effective tax rate can help you understand how well you’ve been managing your tax situation throughout the year.

If you’re living or working in California, understanding how the California state income tax system works can help you plan better and possibly save money. The Golden State uses a progressive tax ...