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View Diary: Do YOU understand how tax brackets work??? (124 comments)

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  •  Yes, I had to explain this concept (4+ / 0-)
    Recommended by:
    Brainwrap, Pluto, ferg, mike101

    to my mother a few years ago.  I kept wondering why she complained whenever she worked overtime that the extra income would push her into a higher tax bracket.  

    I still don't think my conservative small-business owner sister gets this as she was explaining to me before about how it was "unfair" to raise the highest tax rate back to what it was during the Clinton years.

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