Highest Marginal Tax Rate 2024. If you have $11,800 in taxable income in 2024, the first $11,600 is subject to the 10% rate and the remaining $200 is. The top 1 percent’s income share rose from 22.2 percent in 2020 to 26.3 percent in 2021 and its share of federal income taxes paid rose from 42.3 percent to.

In 2024, the federal income tax rates consist of seven brackets: The federal income tax has seven tax rates.