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Tuesday, March 03, 2009

Many Americans don't even know tax rates

For all the whining about taxes, it seems that many Americans don't even know how federal income taxes work. Tax brackets are marginal, they only apply to the income that falls in that bracket, not all your income. The idiots who are trying to reduce their income to drop down a tax bracket are only going to accomplish the former: reduce their income.

Dumb

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