General_Effort@lemmy.world to Lemmy Shitpost@lemmy.worldEnglish · 6 months agoIs 33 cents a small amount of money?lemmy.worldimagemessage-square20linkfedilinkarrow-up1126arrow-down13
arrow-up1123arrow-down1imageIs 33 cents a small amount of money?lemmy.worldGeneral_Effort@lemmy.world to Lemmy Shitpost@lemmy.worldEnglish · 6 months agomessage-square20linkfedilink
minus-squarefinitebanjo@lemmy.worldlinkfedilinkarrow-up50arrow-down1·6 months agoTo 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. https://www.irs.gov/filing/federal-income-tax-rates-and-brackets
minus-squareKairos@lemmy.todaylinkfedilinkarrow-up7arrow-down31·edit-26 months agoThis is actually not true as it doesn’t take into account the standard deduction
minus-squarefinitebanjo@lemmy.worldlinkfedilinkarrow-up22·6 months agoIt does not take into account a lot of things, namely the many many deductions for qualifying individuals.
minus-squarejacksilver@lemmy.worldlinkfedilinkarrow-up16·6 months agoRead 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.
minus-squareyunxiaoli@sh.itjust.workslinkfedilinkEnglisharrow-up6·6 months agoNot all people take the standard deduction, this is true before all deductions and similar economic stimuli.
minus-squareNurse_Robot@lemmy.worldlinkfedilinkarrow-up3·6 months agoI upvoted because you chose to strike thru rather than delete. Big props for that
minus-squareKairos@lemmy.todaylinkfedilinkarrow-up1·6 months agoI try to be accurate. Hence why the comment in the first place.
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.
https://www.irs.gov/filing/federal-income-tax-rates-and-brackets
This is actually not true as it doesn’t take into account the standard deductionIt does not take into account a lot of things, namely the many many deductions for qualifying individuals.
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.
Not all people take the standard deduction, this is true before all deductions and similar economic stimuli.
I upvoted because you chose to strike thru rather than delete. Big props for that
I try to be accurate. Hence why the comment in the first place.