Birdwatch Note Rating
2025-03-17 11:53:57 UTC - HELPFUL
Rated by Participant: 3CEFDEE5ABFF60A39B30BDF78B8C6C2544C5C36EBB1EB84855DB43F8D8C6ADCF
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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