Quote:
Originally Posted by Daugas
Wouldn't that be rather 20 % on the first 31,865 and 40 % on the 31,866 + ?
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i don't know for sure, i found a table that said 10%/20%/40% and i went with it. but i don't know the actual rates for sure-- i was just trying to explain progressive taxes-- it's a common misconception the increasing rates are retroactive-- but in a different way of saying it, it's the income that gets taxed, not the person.