How tax brackets actually work: A simple visual guide

Source: Christopher Ingraham, Washington Post (Paid Registration)

Many Americans do not understand how federal income tax brackets work.  Here’s how it actually works. You pay a 10 percent rate on the first $9,525 you earn. Then a 12 percent rate on the income above that, up to $38,700. Then a 22 percent rate on the income above that, up to $82,500. And so on.

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