The relations that hold between tax brackets and tax rates are occult and weird.
One can be in the 25% tax bracket, and only pay 18% in taxes. We never hear about this in all the ritual argument over taxes.
Should congress raise taxes on people like me? I'd have to say yes, there's nothing else to be done.
I will, in turn, do everything I can to shelter income. That's the game in the Big City.
What's more, all increases will apply only to taxable income over a certain threshold. The relations that hold between taxable income and earned income are also occult and weird.
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