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Rubbish. Suppose your salary is X and the level that 32% starts is M You get taxed on your first $X earnings at the lower rates. Then only the amount above th
by pasc1878 2y ago
Rubbish.
Suppose your salary is X and the level that 32% starts is M
You get taxed on your first $X earnings at the lower rates. Then only the amount above the 32% mark ie X-M is taken at 32%. Thus everyone in the 32% band gets more money than those only in in the 24%.