There is a 20% tax on the first $15,000 of income,a 30% tax on income above $15,000 until $30,000,and a 40% tax on all income above $30,000.What is the marginal tax rate for someone making $35,000?

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The marginal tax rate is the rate at which the last dollar of income is taxed. For someone making $35,000, the last dollar falls into the category of income above $30,000, which is taxed at 40%.

There Is a 20% Tax on the First $15,000 of Income,a