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Am I correct in thinking that if you are in the lets say highest tax bracket not all of your income is taxed at that rate?

In other words is the portion of your income that would put you in the 15% bracket taxed at that rate then the next portion that would put you at 28% bracket taxed at that rate etc, on up to the highest rate for your income level, thus making only a portion of your income
taxed at the highest rate?

ttjasi
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