Birdwatch Note Rating
2025-03-17 02:39:23 UTC - HELPFUL
Rated by Participant: 34664C45524869EBFA7F5E5010E2E7B0970EAD7316308F9CF6D019DD8C2C54FD
Participant Details
Original Note:
The U.S. uses a marginal tax system. When you reach a new tax bracket, only the income above that level gets taxed at the higher rate. It is not applied to your whole income. Furthermore, 150k and 175k are in the same tax bracket. https://www.irs.gov/filing/federal-income-tax-rates-and-brackets https://www.investopedia.com/terms/m/marginaltaxrate.asp
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