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Comment on Is 33 cents a small amount of money?

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.

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irs.gov/…/federal-income-tax-rates-and-brackets

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LodeMike@lemmy.today ⁨1⁩ ⁨day⁩ ago
This is actually not true as it doesn’t take into account the standard deduction

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- jacksilver@lemmy.world ⁨1⁩ ⁨day⁩ ago
  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.
  
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- Nurse_Robot@lemmy.world ⁨1⁩ ⁨day⁩ ago
  I upvoted because you choose to strike thru rather than delete. Big props for that
  
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  - LodeMike@lemmy.today ⁨1⁩ ⁨day⁩ ago
    I try to be accurate. Hence why the comment in the first place.
    
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  - fushuan@lemm.ee ⁨1⁩ ⁨day⁩ ago
    Agreed, I love people that own their mistakes.
    
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- finitebanjo@lemmy.world ⁨1⁩ ⁨day⁩ ago
  It does not take into account a lot of things, namely the many many deductions for qualifying individuals.
  
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- yunxiaoli@sh.itjust.works ⁨1⁩ ⁨day⁩ ago
  Not all people take the standard deduction, this is true before all deductions and similar economic stimuli.
  
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