The Motley Fool Discussion Boards
Financial Planning / Tax Strategies
|Subject: Re: Tax rates: is it worth it to work?||Date: 3/24/2001 6:06 PM|
|Author: eslovick||Number: 48934 of 125425|
I have heard lots of people say that the extra income will cause ALL the income to be taxed at a higher rate.
They are wrong.
You are right. It is marginal, and will not pull all your income into the new bracket.
I actually had an AmEx Financial Advisor try to explain to me that all my income would be in the new bracket. Wrong!
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