Tax Myth

2 years ago
8
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Tax MYTH

If you make $180K you would pay a straight 24 or 32%, flat tax. Not true.
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Your earnings are actually broken up into smaller portions. So your effective tax rate could be 16.5% in the end.
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Think of it this way.
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Your Effective rate is your blended or average rate, and your marginal rate is the bracket you fall into based on your total income.
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You pay professional tax experts to make sure your effective tax rate is as low as legally possible...💪
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Now that’s HUGE!! 🔥🔥🔥🔥

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