LogFAQs > #934684118

Tmaster148 posted... The biggest issue I see here is that the dude doesn't understand how tax rates actually work. If a 52% tax was applied to $29K+ it would mean that only $2,200 is being taxed at 52%.

Basic finance should be taught in school, too many people don't even understand how tax brackets work. I've seen idiots who think that getting a raise at work can be bad if it takes you into the next tax bracket, lol.

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