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How To Calculate Your Effective Tax Rate
Manage episode 408044179 series 3528145
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Hey Rich Girls, Kirby here - while your top tax rate is typically what gets discussed the most, your effective tax rate is a much better indicator of how much you are ACTUALLY paying in taxes - so let’s calculate yours today!
**please note this is not investment advice, just my opinion & should be used for entertainment purposes only**
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ARTICLES MENTIONED:
2023 & 2024 tax rates: https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets
How many Americans took standard deduction in 2020: https://www.usatoday.com/story/money/taxes/2023/02/15/itemized-vs-standard-deduction-taxes/11252585002/
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financial advice, how to budget, investing 101, personal finance, financial management, financial planning, financial feminist, net worth, retirement planning, financial freedom, 401k, financial calculator, personal finance tips, financial literacy, money tips, money management.
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