Comment on Is 33 cents a small amount of money?

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TheRealKuni@midwest.social ⁨2⁩ ⁨weeks⁩ ago

Yeah what does “substantially” mean in this context?

The context is laid out clearly. You earn one additional dollar and that one additional dollar puts you in the 33% tax bracket.

Your tax bill would go up by 33% of one dollar. $0.33. Total.

The question doesn’t specify whether we’re talking about total dollars paid or just how much the tax percentage increases in that bracket.

It’s irrelevant. Your “total dollars paid” in taxes would increase by $0.33, and the difference that extra dollar is taxed vs the previous dollar is $0.05. Neither of these are “substantial.”

This question simply asks whether 0: you have reading comprehension skills and 1: you understand how tax brackets work.

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