The following table shows (hypothetical) marginal tax rates for unmarried individuals for two years. Note that in 2024, the marginal tax brackets were replaced with a proportional tax.
Table 2
2023 2024
On taxable income.. The tax rate is.. On taxable income.. The tax rate is..
$0 to $11,000 10% Over $0 20%
$11,000 to $45,000 12%
$45,000 to $95,000 22%
$95,000 to $182,000 24%
$182,000 to $231,000 32%
$231,000 to $578,000 35%
$578,000 and up 37%
Refer to Table 2. For an individual who earned $90,000 in both years, which of the following statements is true regarding the individual's marginal tax rate?
The marginal tax rate is the same in 2023 as it was in 2024.
The marginal tax rate is higher in 2023 than in 2024.
The marginal tax rate is lower in 2023 than in 2024.