Marginal Tax Rate Simulator
 Share
The version of the browser you are using is no longer supported. Please upgrade to a supported browser.Dismiss

View only
 
 
ABCDEFGHIJKLMNOPQRSTUVWXYZ
1
HOW TO USE THIS CALCULATOR: Go to File > Make a copy to save a version for yourself. Make changes in the WHITE boxes. At a minimum, change the income value. Under "Deductions", enter either the standard deduction for single filers ($12k), married filing jointly ($24k), or head of household ($18k); or enter a higher amount if desired. You can also change the tax bracket rates by entering a different percentage value, and you can change the top value of each bracket. The top bracket will start at $1 more than the next highest bracket. The calculations page is designed to marginally tax each segment of income, so if you enter a lower income than a given bracket, the tax added from that bracket will go to $0. This calculator is a simplified tax bracket simulator for W-2 income. It does not take into account exemptions, special deductions, capital gains tax, or other special cases. It is therefore likely to overestimate actual taxes owed on high incomes.
2
Total Income
Bracket Rates(%)
Brackets (Top of each bracket, except max bracket which is a minimum)
3
$1,000,000.00enter the number (no % sign)SingleMarried Filing JointlyMarried Filing SeparatelyHead of Household
4
Deductions10%$9,525.00$19,050.00$9,525.00$13,600.00
5
$200,000.0012%$38,700.00$77,400.00$38,700.00$51,800.00
6
Taxable Income22%$82,500.00$165,000.00$82,500.00$82,500.00
7
$800,000.0024%$157,500.00$315,000.00$157,500.00$157,500.00
8
32%$200,000.00$400,000.00$200,000.00$200,000.00
9
35%$500,000.00$600,000.00$300,000.00$500,000.00
10
37%$500,001.00$600,001.00$300,001.00$500,001.00
11
12
RESULTSSingleMarried Filing JointlyMarried Filing SeparatelyHead of Household
13
Total Taxes Owed$261,689.50$235,379.00$265,689.50$260,298.00
14
EFFECTIVE tax rate26.17%23.54%26.57%26.03%
15
NET INCOME$738,310.50$764,621.00$734,310.50$739,702.00
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
Loading...