Hi, I'm an office administrator at a clinic. My friend offered me $50 to post this so I could make rent. Thanks COVID for reducing my hours. Do your thing.

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PsBattle: This socially-distant baptism.

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Send me the link?

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I'll take $400 on Things that Never Happened, Alex

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Casually getting possessed at nights

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[OC] Percentage of total internet users that visit reddit.com per day

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My pepper grinder broke this morning.

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Trick or YEET

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YSK that, in the US, your income is taxed based on Tax Brackets - meaning not all of your income is taxed at the same rate.

YSK that, in the US, your income is taxed based on Tax Brackets - meaning not all of your income is taxed at the same rate.

This is a hot topic right now, but here is a great visualization of how Bracketed Taxes works.

Edit: These brackets are for all income, not just higher income. For example, the first bracket currently is from $0 - $9,875 and is at 10%. They increase from there. So all income is taxed using brackets. And EVERY person is taxed the same 10% on their first up to $9,875 of income. This also applies to your adjusted income taxable income, so after deductions. There are many who, after deductions, fall below or at $0 which would make them tax free. It's not a flat rate of income though because there are so many deductions that many different gross incomes can qualify.

Edit: it's been pointed out that the other or technical term for this is marginal tax rate. I believe the terms are interchangeable but there are much more qualified individuals that have clarified in the comments section so I'll let them take the credit!

For example: if you make $410,000 a year and you hear that taxes will be more for those making $400,000 it really means that taxes will be more on income over $400,000. The only portion you pay that higher tax rate on would be the last $10,000 - not all $410,000. This is how it works for all brackets.

Why YSK: it's important to understand how Bracketed Taxes work as some people will use a higher tax rate to spread fear. This may freaks someone out that makes just a bit more than the bracket that is being increased. While some think they will now pay a higher rate on all their income, they will actually only pay a higher rate on the income in that tax bracket.

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Don’t be those people.

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