I really love the way they explain tax bracket. It's very easy to understand. " Let’s say my total income was $50,000 in 2018. This means my income would be po

I really love the way they explain tax bracket. It's very easy to understand. " Let’s say my total income was $50,000 in 2018. This means my income would be portioned out into the following tax brackets: You must pay 10% on income up to $9,525: $9,525 x .10 tax rate = $952.50 owed in 10% tax bracket You must pay 12% on income between $9,526, and $38,700: $38,700 - $9,526 = $29,174 of income in the 12% bracket $29,174 x .12 tax rate = $3,500.88 owed in 12% bracket You must pay 22% on income between $38,701 and $82,500: $50K (my income) - $38,701 = $11,299 of income in the 22% bracket $11,299 x .22 tax rate = $2,485.78 owed in 22% bracket Add taxes owed from all brackets together: $952.60 + $3,500.88 + $2,485.78 = $6,939.26 in total taxes owed "