Imaginary notches
Oy. No, your income tax doesn’t suddenly shoot up if your taxable income rises one penny into a new bracket. To belabor the obvious, the tax code specifies marginal rates: your rate rises from 33 to 35 percent if your taxable income exceeds $372,950, but only the income above $372,950 pays the higher rate.
Further evidence that it doesn't take a genius to make a lot of money. I'm in luck!
Posted via web from Mhm.
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