is—it’s effectively a percentage of an amount over a year. If your savings account earns you a 0.05% interest per year (which ...

The labyrinth in the financial world is teeming with intricate mechanisms and systems that can often seem counterintuitive to the uninitiated. One such area of confusion is the relationship between ...

Effective tax rate is your average tax rate as a percentage of total income. Marginal tax rate is the tax on your highest dollar earned, not your total income. Historically, top marginal rates have ...

Effective and marginal tax rates might not be familiar terms. However, they’re essential concepts to understand because they determine how much income you’ll have to fork over to the government every ...