Comment on Is 33 cents a small amount of money?
LifeInMultipleChoice@lemmy.world 12 hours agoTo be more specific the first 100,000 isn’t taxed at 28%. The 44 to 100k range would be, but below that will be taxed at lower percentages. The first ~10k you make is taxed at 10%, and then it increases throughout.
The first ~10k you make is taxed at 10%
In the USA, technically the first $15,000 (if single) or $30,000 (if married and filing jointly) is taxed at 0% due to the standard deduction. If you earn less than that, you can tell your employer that you don’t want any tax to be withheld.
jj4211@lemmy.world 12 hours ago
If getting specific, there’s no 28 percent or 33 percent bracket, so these are all examples rather than real figures. I did make a comment using real numbers, same general magnitude but just more specific about the brackets.