Comment on Is 33 cents a small amount of money?
finitebanjo@lemmy.world 10 months ago
To be clear for those unaware, you pay the lower bracket rates for the amounts earned in that bracket and the higher bracket rates for the amounts earned above that bracket.
LodeMike@lemmy.today 10 months ago
This is actually not true as it doesn’t take into account the standard deduction
jacksilver@lemmy.world 10 months ago
Read the chart, it says taxable income.
Deductions and other tax games may lower you’re taxable income, but the progressive tax brackets apply this way to all taxable income.
Nurse_Robot@lemmy.world 10 months ago
I upvoted because you choose to strike thru rather than delete. Big props for that
LodeMike@lemmy.today 10 months ago
I try to be accurate. Hence why the comment in the first place.
fushuan@lemm.ee 10 months ago
Agreed, I love people that own their mistakes.
finitebanjo@lemmy.world 10 months ago
It does not take into account a lot of things, namely the many many deductions for qualifying individuals.