Quote:
Originally Posted by manaboutown
$25,000 - $13,850 - $11,000 = $150. The 10% tax on $150 is $15.00 which might buy a Bog Mac meal in today's world. I was wrong. It will not buy a few Big Macs.
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Good math but bad understanding of tax tables. Tax is 10% on first $11,000 then 12% on the remaining $150.
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Why do people insist on making claims without looking them up first, do they really think no one will check? Proof by emphatic assertion rarely works.
Confirmation bias is real; I can find any number of articles that say so.
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