Tax brackets do not work that way! http://www.youtube.com/watch?v=ZQg8JKo_3ZQ http://www.youtube.com/watch?v=ZQg8JKo_3ZQ You only pay the higher rate for incom

Tax brackets do not work that way! http://www.youtube.com/watch?v=ZQg8JKo_3ZQ http://www.youtube.com/watch?v=ZQg8JKo_3ZQ You only pay the higher rate for income within that bracket. Making an extra dollar pushing your taxable income to $34,001 as a single American in 2010 does not raise your Federal taxes from $5100.00 to $8500.25 by naïvely applying the higher rate — it actually raises your taxes by 25¢ from $4681.10 to $4681.35.