Quote:
Originally Posted by Yoshoobaroo
Yea sadly A LOT of people don’t understand that you only get taxed the higher rate on income in excess of the previous bracket. The amount of times I’ve had to explain this to otherwise very smart people, people that own their own business even, is baffling.
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This is something I myself was confused about a long time ago.
Taxes and such is not really a subject taught in schools (at least that I know of) so knowledge of it requires asking the right questions or parents that proactively explain tax law to their children.