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Posted on 11/22/14 at 7:37 am to southernelite
Sorry but that makes absolutely no sense based on our tax system. The only about that would be taxed at the higher rate is any amount over the lower bracket.
If the new tax bracket started at $50,000 and she earned $55,000, then only $5,000 would be taxed at the increased rate, not the whole $55,000
If the new tax bracket started at $50,000 and she earned $55,000, then only $5,000 would be taxed at the increased rate, not the whole $55,000
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