Marginal Tax Rate Simulator

	A	B	C	D	E	F
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	$1,000,000.00	enter the number (no % sign)	Single	Married Filing Jointly	Married Filing Separately	Head of Household
4	Deductions	10%	$9,525.00	$19,050.00	$9,525.00	$13,600.00
5	$200,000.00	12%	$38,700.00	$77,400.00	$38,700.00	$51,800.00
6	Taxable Income	22%	$82,500.00	$165,000.00	$82,500.00	$82,500.00
7	$800,000.00	24%	$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
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12	RESULTS	Single	Married Filing Jointly	Married Filing Separately	Head of Household
13	Total Taxes Owed	$261,689.50	$235,379.00	$265,689.50	$260,298.00
14	EFFECTIVE tax rate	26.17%	23.54%	26.57%	26.03%
15	NET INCOME	$738,310.50	$764,621.00	$734,310.50	$739,702.00
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