Thread: Taxes, take x+1
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Old 10-17-2008, 08:37 AM   #2 (permalink)
Rekna
Junkie
 
One thing to keep in mind is that an individual is not taxed at a single rate. Income within said tax bracket is taxed at that tax bracket. Thus the first $X are taxed at one rate and later money is taxed at another rate.

(Just to be clear i'm not making any statement for or against what you have said only pointing out a common misconception that people have that can skew ones judgment.)
Rekna is offline  
 

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