4 ms·

Says 22% here: https://www.nerdwallet.com/article/taxes/federal-income-tax-brackets https://www.nerdwallet.com/article/taxes/federal-income-tax-... Certainly w

• JshWright 5y ago
  13% is the "marginal" rate (i.e. the percentage that you would actually pay on 72k, after applying the various brackets)
• lostmsu 5y ago
  You don't seem to understand how the progressive taxation works. In U.S. you pay 0 tax on first ~20k income, 15% on the next 35k, 22% on next 40k and so on (random numbers). The 22% is what you pay on anything above 55k in this example. But for the first 55k you pay only 20k * 0% + 35k * 15%=5250, e.g. 9.5%
  • deleted 5y ago
    [deleted]
  • deleted 5y ago
    [deleted]
  • imustbeevil 5y ago
    Not sure how you missed the second sentence, or why you would use made up numbers in your response when I provided the brackets. In the U.S., as a single filer, you pay 10% on your first $9,875, 12% from $9,876 to $40,125 and 22% from $40,126 to $85,525. It does end up at 13% of $72K, assuming the $10K standard deduction. Since only the initial percentage was posted, no one would have any way of knowing if it was coming from the total calculation or anywhere else.
    • JshWright 5y ago
      > no one would have any way of knowing if it was coming from the total calculation Ah, sorry, I thought the tilde made it clear that "13%" was the approximate result of a calculation.