What tax bracket you are in says a lot about your life. This infographic will give you an overview of your taxable income, and offers tips for how to lower or maintain your current tax bracket.

What is a tax bracket?

Did you know that not everyone or every dollar earned is taxed the exact same amount? For the 2016 tax year, there are seven tax brackets of varying size with the lowest bracket being subject to a 10% marginal tax rate and the highest being subject to 39.6%. Read more about tax brackets in this TurboTax Blog post.