Birdwatch Note Rating
2025-03-17 20:43:37 UTC - HELPFUL
Rated by Participant: B7F2080D4B2D9736D25827F9323FD5BDB1F3FFB75DC5DA4A6B3F397C7B9D92A9
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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