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Originally Posted by !@#$%!
if i understand progressive income taxes correctly, you get taxed 10% on the first 2880, 20% on the 2881-31,065, 40% on the 31,866+
it's not like they tax you 40% on the whole income-- only on the income above each margin.
i hope i'm clear and correct on this because that's how it works in 'merica. otherwise someone who makes 31865 would take home a lot more than someone who makes 31,866-- which would be an incentive to earn less and therefore stupid.
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Wouldn't that be rather 20 % on the first 31,865 and 40 % on the 31,866 + ?