Quote:
Originally Posted by Flat Six
No, this is not how progressive taxation works in the US. BK911, I don't know where you got the tax bracket information from but -- while it's not technically incorrect -- it's not very clear. This may help, it's directly from the IRS site:
EDIT: This chart is from irs.com, not irs.gov. The #s are a little off. |
This is from Kiplinger Finance & doesn't have the calculation errors of the above:
