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That's not how it works. You pay nothing on the first 9700€ You pay 14% on the money you make above that, that is 14% of ~17k€ You then pay 30% on the money
by galacticpony 10y ago
That's not how it works.
You pay nothing on the first 9700€
You pay 14% on the money you make above that, that is 14% of ~17k€
You then pay 30% on the money above that, that is 30% of the extra 5k.
- pmontra 10y agoI understood perfectly how it works: it works how you explained. My example was for a system that doesn't work in that way but switches from 14% to 30% for all the income, and not only for the amount above the threshold. Maybe I should have worded it better but I take the downvotes I got as a demonstration of my point, that it would be insane.