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Should You Turn Down a Raise Because of Taxes? (Marginal Tax Brackets Explained)
Автор: Legacy Tax: "Home of the Levy King"
Загружено: 2026-01-10
Просмотров: 2366
Описание:
Many people believe taking a raise or promotion can actually reduce their take-home pay because it pushes them into a higher tax bracket. That belief is wrong.
In this video, a tax professional explains how marginal tax rates really work using a simple tax bracket chart. You’ll see why only the last dollars you earn are taxed at a higher rate—and why earning more money never causes you to lose money because of federal income tax brackets.
If you’re worried about a promotion, bonus, or raise increasing your taxes, this breakdown will clear it up.
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