3 ms·
On the money you borrowed. Moving into a higher tax bracket does not mean you pay the higher rate on all earning, but rather only marginal earnings in the highe
by thedougd 5y ago
On the money you borrowed. Moving into a higher tax bracket does not mean you pay the higher rate on all earning, but rather only marginal earnings in the higher bracket.
Regardless, it doesn't make sense to pay taxes on borrowed money. I'm not sure this scheme is real.