Institute on Taxation and Economic Policy

North Carolina Justice Center: BTC POLICY BASIC: Marginal versus Effective Personal Income Tax Rates

ITEP Work in Action • By ITEP Staff

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A great deal of confusion abounds in discussions about state personal income tax rates and how they apply to income. This policy basic clarifies the difference between marginal and effective tax rates, and gives a North Carolina-specific example of how these rates work in action.

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