Quote:
Originally Posted by pylon
Correct me if I'm wrong, the extra 1.5% on individuals over 100k isn't retroactive? Say Jim made $150,000/yr, he only has to pay the extra 1.5% on the $50,000 over, not on the whole 150k?
Am I understanding this right?
|
It's not explicitly stated, but that's typically how tax brackets work. That's how federal taxes work.