<prompt> Human: Im starting a new job in which Im a full-time contract worker paid hourly - but Im a w2, not a 1099. How do I calculate what tax bracket I fall under - is it as simple as calculating my yearly pay at this rate and looking at the 2018 brackets?  <response>: Remember that most people pay taxes at multiple different percentages brackets. Your annual income minus standard deduction can be used to determine what bracket your last dollar will be taxed at but that does not mean that all your income was taxed at that rate 