Is 33 cents a small amount of money?
Is 33 cents a small amount of money?
I feel that “outgroup dumb” is shitposting but it’s from a real poll.
https://today.yougov.com/politics/articles/5057-understanding-how-marginal-taxes-work-its-all-part
You're viewing a single thread.
To be clear for those unaware, you pay the lower bracket rates for the amounts earned in that bracket and the higher bracket rates for the amounts earned above that bracket.
https://www.irs.gov/filing/federal-income-tax-rates-and-brackets
This is actually not true as it doesn't take into account the standard deductionRead the chart, it says taxable income.
Deductions and other tax games may lower you're taxable income, but the progressive tax brackets apply this way to all taxable income.
I upvoted because you chose to strike thru rather than delete. Big props for that
I try to be accurate. Hence why the comment in the first place.
Agreed, I love people that own their mistakes.
It does not take into account a lot of things, namely the many many deductions for qualifying individuals.
Not all people take the standard deduction, this is true before all deductions and similar economic stimuli.