Let's say a person makes 205,000 and the cut off is 200,000. That person would only pay 5,000 at the higher tax rate.
USMCSEALofApproval 5 months ago
@USMCSEALofApproval That's right. They would only pay the higher rate on the $5,000 they earned beyond the $200,000. They wouldn't have to pay $5,000 in taxes, they would just have to pay 35% of that $5,000, or whatever the higher rate was....
laurenmichellekinsey 5 months ago
Let's say a person makes 205,000 and the cut off is 200,000. That person would only pay 5,000 at the higher tax rate.
USMCSEALofApproval 5 months ago
@USMCSEALofApproval That's right. They would only pay the higher rate on the $5,000 they earned beyond the $200,000. They wouldn't have to pay $5,000 in taxes, they would just have to pay 35% of that $5,000, or whatever the higher rate was....
laurenmichellekinsey 5 months ago