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> Corporate tax is quite misunderstood in my opinion. Yeah, it's mechanically different from individual income taxes, but in general Americans don't know how t
by Terr_ 2y ago
> Corporate tax is quite misunderstood in my opinion.
Yeah, it's mechanically different from individual income taxes, but in general Americans don't know how taxes work.
I've had coworkers in the past who believed that if you made juuust enough money to enter a new income tax bracket, you'd actually have less take-home than before. They thought that the entire income was taxed at a new rate, instead of just the marginal dollars that spilled into the new bracket.