IRSTaxes

A quick peek at 2018 income tax results

Here is an interesting observation of an early filer, a married client with about $170,000 total income:

This chart shows marginal and effective overall tax rates for 2016, 2017 and 2018. Note the steady decline in tax rates, first in 2017 due to tax planning and then in 2018 due to the change in tax law. The 16.45% effective tax rate is the lowest we will get without additional tax planning measures.

Leave a Reply

Your email address will not be published. Required fields are marked *