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> 130K would put you in the 50% tax bracket here Is the term "tax bracket" used differently outside of the US/Canada? Here it means your marginal tax rate (i.
by jogjayr 5y ago
> 130K would put you in the 50% tax bracket here
Is the term "tax bracket" used differently outside of the US/Canada?
Here it means your marginal tax rate (i.e. the highest rate at which your last dollar is taxed). Whereas you seem to be speaking about "effective tax rate" - that's total tax paid / gross income.