how the U.S. tax system actually works ????
a common misconception about taxes is that you get taxed the entire amount you make at the respective tax rate, but that’s not true! the U.S. runs on a progressive tax system based on marginal tax rates. instead, each chunk of money is taxed at a certain rate and only the next tax bracket gets taxed at a higher rate. at the end of the day, you will still take home more! so, never deny a raise ????
learn more about money in simplified language in my upcoming book THE NEW MONEY RULES ???? a modern take on personal finance for Gen Z — pre-order at thenewmoneyrules.com
#taxes #payraise #money #finance #personalfinance #financeforbeginners
a common misconception about taxes is that you get taxed the entire amount you make at the respective tax rate, but that’s not true! the U.S. runs on a progressive tax system based on marginal tax rates. instead, each chunk of money is taxed at a certain rate and only the next tax bracket gets taxed at a higher rate. at the end of the day, you will still take home more! so, never deny a raise ????
learn more about money in simplified language in my upcoming book THE NEW MONEY RULES ???? a modern take on personal finance for Gen Z — pre-order at thenewmoneyrules.com
#taxes #payraise #money #finance #personalfinance #financeforbeginners
- Category
- Systeme.io Boost your sales
Comments