Bob and Linda are married and have a 2016 taxable income of $280,000.They also received $20,000 of tax-exempt income.Their marginal tax rate is:

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For the 2016 tax year, married couples filing jointly with a taxable income of $280,000 fall into the 33% marginal tax bracket according to the IRS tax brackets for that year. The tax-exempt income does not affect the marginal tax rate.

Bob and Linda Are Married and Have a 2016 Taxable