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Financial glossary

Effective Tax Rate

In plain English

Total estimated tax divided by the chosen income measure, showing an average percentage rather than the rate on the next dollar.

Effective tax rate

An effective tax rate is total tax divided by a selected income measure. It expresses an average percentage, unlike a marginal rate, which applies to the next dollar of taxable income.

The denominator must be stated. Federal income tax divided by gross income is different from total federal, payroll, state, and local taxes divided by adjusted gross income. Two sources can report different effective rates for the same household because they include different taxes or use different income definitions.

Under progressive brackets, an effective federal income-tax rate is normally below the highest marginal bracket because deductions remove income and earlier taxable layers use lower rates.

The federal income tax calculator reports regular federal tax after entered nonrefundable credits divided by gross income. It does not call that percentage a total tax burden.

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