Computing Marginal Tax Rates

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davidcmoore edited this page Oct 1, 2014 · 6 revisions

Using python-taxes, you can compute real marginal tax rates on both ordinary income and long-term capital gains. The examples below estimated for tax year 2014 were generated with 2014est/example_marginal_rates_joint.py and 2014est/example_marginal_rates_single.py

I can interpret the features on these plots:

A. 10% tax bracket applies.

B. 15% tax bracket applies.

C. 25% tax bracket applies. Long term capital gains now taxed at 15%.