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Podcast: The College Investor Audio Show
Episode: What Really Happens When You Move Up A Tax Bracket
Description: Have you ever heard of anyone complaining aboutĀ making more money? If you have, they probably grumbled about moving up a tax bracket. Many people assume that when they āmove up a tax bracketā every dollar they earn is taxed at a new, higher rate leading to lower take-home pay overall. Thankfully, that isnāt the case. When you āmove up a tax bracketā you only pay a higher tax rate on the income above a threshold. The rest of your income is taxed at the same rate (or rates) as before. In this episode we explain...