Marginal tax rate
A “marginal” rate is the amount by which the result changes if you make an addition or subtraction to one value in the calculation. In this case, we add or subtract an amount from taxable income and see the impact on taxes. It differs from the average tax rate which would be the total tax divided by taxable income.
I am also a retired property-casualty A professional who assesses and manages the risks of financial investments, insurance policies and other potentially risky ventures. Source: www.investopedia.com/terms/a/actuary.asp More (someone who works with the math and statistics related to insurance). I spent a significant portion of my career building statistical models of all of the financial risks of an insurance company and interpreting their findings to help senior management make better financial decisions. I retired in my late 50’s, which one of my daughter’s friends thought clearly qualified me to write this blog. Read more about Susie Q