The effective tax rate is simply a way of
representing the actual rate that an individual pays in income taxes. The
effective tax rate is determined by dividing the taxpayer's
tax liability by the
individual's pre-tax income or
gross income.
Tax Liability / Gross Income =
Effective Tax Rate
A pilot or flight attendant's tax liability is
dependant on his or her
tax bracket and taxable income, which in turn are related to several factors
including:
In other words, determining a pilot or flight
attendant's effective tax rate cannot be accomplished until their entire tax
return is completed and the tax liability is determined. But, the
effective tax rate will never by higher than the taxpayer's tax bracket.
