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Northwest · M
The arithmetic seems to be a bit off.
If your net income is $11,600 your tax rate is 10%
If your net income jumps to $47,150, your taxes only increase by 2%.
You're not going to get hit with another 10% unless your net income goes over $94,300
If your net income is $11,600 your tax rate is 10%
If your net income jumps to $47,150, your taxes only increase by 2%.
You're not going to get hit with another 10% unless your net income goes over $94,300