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The rates presented are slightly misleading because it's not including the standard deduction. For a single individual in 2021, income below $12,550 is effecti
by antognini 5y ago
The rates presented are slightly misleading because it's not including the standard deduction. For a single individual in 2021, income below $12,550 is effectively not taxed (or $25,100 for married couples).
- hnburnsy 5y agoThe tax brackets are always based on AGI, millions have an effective negative tax rate due to EITC.