How Tax Brackets Actually Work
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YouTubeAna Klein | Real Estate & Business Tax Strategist
How Tax Brackets Actually Work
Most people believe that making more money means all of their income gets taxed at a higher rate. That is a myth. Tax brackets work like a staircase where each dollar only gets taxed at the rate of the step it lands on. The first dollars are taxed at 10% regardless of how much you make. Only the dollars at the higher steps get taxed at higher ...
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