2 ms·
> You probably know this already, but I thought I'd pass on a correction to what is a common misconception. If you start making more money and end up in a highe
by timmg 4y ago
> You probably know this already, but I thought I'd pass on a correction to what is a common misconception. If you start making more money and end up in a higher tax bracket, only the amount of income in the new tax bracket is taxed at the higher rate, not the whole income.
Oh, for sure. But that money that moves into those brackets will be taxed higher.
- kgwgk 4y agoYou don’t need to change brackets: the incremental money will always be taxed at a higher rate that the average you were paying and the average will go up.