Quote:
Originally Posted by TheMercenary
Same goes for our current idea that at x income you pay little or nothing, but breech the threshold by one dollar and you suddenly pay a HUGE increase in the percentage of your income to people who pay nothing.
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No you don't. The standard deduction and personal exemption add to $9350. If you make $9350, you pay nothing. If you make $9351, you pay... nothing still, because of rounding. If you make $9355, you pay 10% of $5, 50 cents rounds to a dollar. One dollar out of $9355 is 0.01%. So, when you go from $9354 to $9355, your percentage goes up by 0.01%. The horror!