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The higher tax bracket, only taxes the money that falls into that bracket, they will still have higher after tax incomes.
by kittiepryde 7y ago
The higher tax bracket, only taxes the money that falls into that bracket, they will still have higher after tax incomes.
- ry4nolson 7y agoIt amazes me how many people don't grasp this.
- jbn 7y agoYou are so right, it's incredible how many people don't grasp this. Further, people in lower brackets think that the tax rate in higher brackets is unfair because it applies to the whole income (rather than just that bracket). I guess a piecewise affine function is just too complicated...
- mehrdadn 7y agoI didn't even realize this might be the cause of their misunderstanding until I read your comment! Thanks for pointing it out.