Tag: tax rate

How tax brackets actually work

These are tax brackets for 2019. Simple, right? But many of us make a common mistake when looking at this. Let’s say my income is $84,000. You might think that puts me in the third bracket. So I would owe the federal government 22% of my income. This is wrong. And it’s causing us to…

By Stanley Isaacs September 8, 2019 100