@[email protected] to Lemmy [email protected]English • 1 month agoIs 33 cents a small amount of money?lemmy.worldimagemessage-square146fedilinkarrow-up1558arrow-down115
arrow-up1543arrow-down1imageIs 33 cents a small amount of money?lemmy.world@[email protected] to Lemmy [email protected]English • 1 month agomessage-square146fedilink
minus-square@[email protected]linkfedilink130•1 month agoTo 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
minus-squareKairoslinkfedilink-18•edit-21 month agoThis is actually not true as it doesn’t take into account the standard deduction
minus-square@[email protected]linkfedilink54•1 month agoRead 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.
minus-square@[email protected]linkfedilink40•edit-21 month agoI upvoted because you chose to strike thru rather than delete. Big props for that
minus-squareKairoslinkfedilink11•1 month agoI try to be accurate. Hence why the comment in the first place.
minus-square@[email protected]linkfedilink28•1 month agoIt does not take into account a lot of things, namely the many many deductions for qualifying individuals.
minus-square@[email protected]linkfedilinkEnglish8•1 month agoNot all people take the standard deduction, this is true before all deductions and similar economic stimuli.
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.