Birdwatch Note Rating
2025-03-17 02:39:35 UTC - HELPFUL
Rated by Participant: 34664C45524869EBFA7F5E5010E2E7B0970EAD7316308F9CF6D019DD8C2C54FD
Participant Details
Original Note:
This is a common belief, but it is entirely wrong. That’s not how tax rates work! Marginal or “progressive” income tax brackets apply ONLY to the income earned in each bracket. https://investinganswers.com/dictionary/m/marginal-tax-rate In the United States, it is impossible for a higher salary to cause lower after-tax income. https://www.irs.gov/filing/federal-income-tax-rates-and-brackets
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