LogFAQs > #926100195

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Topic	Common misconceptions itt
ElatedVenusaur 08/15/19 11:31:26 AM #20:	Marginal income tax doesnt apply the highest possible rate to your whole income: it works in a tiered system, applying different rates to chunks of your income(brackets). You cant get into a situation where making more income results in less gross income(at least not from income tax). <cite>ElatedVenusaur posted [p:926100195] in Common mis... [t:77940580]...</cite> <quote>Marginal income tax doesnt apply the highest possible rate to your whole income: it works in a tiered system, applying different rates to chunks of your income(brackets). You cant get into a situation where making more income results in less gross income(at least not from income tax).</quote> ... Copied to Clipboard!
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