Thread: Tax Bracket Question
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Old 09-16-2024, 03:22 PM
onfire onfire is offline
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You don't pay 22% on your entire income, so 15% sounds correct.

Example using 2024 brackets.
10% on $11,600
12% on the portion $11,601 to $47,150
22% on the amount over $47,150 (up to $100,525)

https://equitable.com/tax-strategies...ctive-tax-rate
Last edited by onfire; 09-16-2024 at 06:14 PM. Reason: added link to calculator