Quote:
Originally Posted by tripin_billie
39% rate quoted by Forbes = no understanding of progressive tax rates.
No, you will not pay 39% on all of the money you make, only that past the point of that bracket. The lack of understanding of this simple concept really blows my mind.
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Yeah but when you're making $5 million a year the majority of your income is taxed at 39%. I think in this case the simplification is acceptable.