Once state and federal taxes are added together, a typical worker faces about a 40 percent marginal tax-rate on interest income.

Name: Once state and federal taxes are added together, a typical worker faces about a 40 percent marginal tax-rate on interest income.
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The combined effect of state and federal taxes can result in a marginal tax rate of around 40% on interest income for many workers, depending on their income level and state of residence.

Once State and Federal Taxes Are Added Together, a Typical