Ignoring the political issue: People, even otherwise very smart people, don't understand how tax brackets work.https://twitter.com/DrTerriC/status/932067384453627906 …
You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more
I feel like this would all be alleviated if we baked the tax bracket math into a formula that returned you a marginal rate given your gross income & let you calculate from that.
But if course we publish tax rates in the way the IRS thinks about them, not the way any normal human thinks about them
I HAVE LITERALLY HAD THIS ARGUMENT WITH AMERICANS. ONE OF WHOM WAS LITERALLY MAKING HIS LIVING RUNNING A BUSINESS AT THE TIME. READER, I DESPAIRED.
This is mostly true. But the last time I saw someone investigate, there was a middle class cliff around $45k due I think to CHIP: https://johnhcochrane.blogspot.co.uk/2012/11/taxes-and-cliffs.html …
Also: the Alternative Minimum Tax
Twitter may be over capacity or experiencing a momentary hiccup. Try again or visit Twitter Status for more information.