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Sep 11, 2024
12:09
:04
pm
silk
Contributor
That’s not how marginal tax brackets work.
You only pay 32% on the amount over the top of the 24% bracket.
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silk
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silk
Joined
Mar 10, 2001
Last login
Sep 17, 2024
Total posts
714 (17 FO)
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Messages
Author
Time
Boy do I feel blonde!
Undefeated
Sep 11, 12:03pm
? You don't phase out the lower brackets until way higher....
Fdnman
Sep 11, 12:04pm
Married filing jointly at $400k = $76,427 with avg rate of 19%, $450k is $91,829
Fdnman
Sep 11, 12:12pm
It's a progressive bracket, so you are taxed at different levels...
cypresstx
Sep 11, 12:07pm
RE: It seems least beneficial to jump from the top of the 24% tax bracket to the
vagabonder
Sep 11, 12:07pm
RE: It seems least beneficial to jump from the top of the 24% tax bracket to the
Salami Karate
Sep 11, 12:07pm
You’re fundamentally misunderstanding the income tax system.
allaboutthegainz
Sep 11, 12:08pm
That’s not how marginal tax brackets work.
silk
Sep 11, 12:09pm
Defeated by the tax code.
Kilgore Trout
Sep 11, 12:09pm
That sounds like an awful tax system. Glad that's not how it works.
Wife_Apologist
Sep 11, 12:10pm
Your math and understanding of tax brackets is very incorrect
Biyamiti
Sep 11, 12:10pm
Crap, too late, all the replies are already in:-)
Undefeated
Sep 11, 12:11pm
Much respect for seeing you missed something and deciding to learn more
vagabonder
Sep 11, 12:15pm
Thanks for trying to make me feel better🙏 ☺️
Undefeated
Sep 11, 12:18pm
Nobody knows everything. Accepting that is puts you ahead of most.
vagabonder
Sep 11, 3:11pm
What's worse is I remember I already asked this question in fo many years ago
Undefeated
Sep 11, 12:14pm
With Democrats taking full control in November...it might change. You do need to
Fdnman
Sep 11, 12:16pm
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