Most financially successful taxpayers have to pay federal income taxes at the 15 percent marginal tax rate.

Question

Quizplus · Accepted Answer

The 15% marginal tax rate is the lowest federal income tax rate, and it applies to the first $9,950 of taxable income for single filers and the first $19,900 of taxable income for married couples filing jointly. Most financially successful taxpayers have taxable incomes that exceed these amounts, so they pay federal income taxes at higher marginal tax rates.

Most Financially Successful Taxpayers Have to Pay Federal Income Taxes