Should You Turn Down a Raise Because of Taxes? (Marginal Tax Brackets Explained)
2:57
YouTube
Should You Turn Down a Raise Because of Taxes? (Marginal Tax Brackets Explained)
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 ...
2.5K views1 week ago
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