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ShuinoZiryu t1_iwld3sf wrote

Reply to comment by Generic_Username28 in upmc by Safe-Pop2076

And let's not forget all tax brackets are marginal. So both people still pay the SAME amount of taxes on the SAME amount of money.

Someone making 40,000 a year pays exactly the same amount of taxes on 40,000 dollars as someone making 80,000.

If you make 40,001 dollars and the cutoff was 40,000. Only a single dollar is taxed at 32%, the 40,000 is still taxed at 22%.

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Generic_Username28 t1_iwlhnip wrote

Absolutely correct. My effective tax rate captures that, but I didn't word my tax bracket clearly.

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