1003
Would you like to donate a dollar?
(sh.itjust.works)
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this post was submitted on 17 Nov 2024
1003 points (94.1% liked)
Comic Strips
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Comic Strips is a community for those who love comic stories.
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- The post can be a single image, an image gallery, or a link to a specific comic hosted on another site (the author's website, for instance).
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The higher rate gets charged only on the portion above the threshold. So with those rates someone earning 192k pays ($191k * .24) + ($1k * .32) = $46,100 not ($192k * .32) = $61,400.
Where you can be worse off earning more is if it puts you over a threshold for some social services (food stamps for example) with a hard cutoff rather than progressively lower benefits.
Thank you for explaining!