I feel that “outgroup dumb” is shitposting but it’s from a real poll.
https://today.yougov.com/politics/articles/5057-understanding-how-marginal-taxes-work-its-all-part
I feel that “outgroup dumb” is shitposting but it’s from a real poll.
https://today.yougov.com/politics/articles/5057-understanding-how-marginal-taxes-work-its-all-part
But your tax bill doesn’t go up 5%.
Ok, let’s get this close to real numbers. The cited tax brackets don’t exist, so I’ll go with the 24% to 32%. So if your earnings are 1 dollar into the 32% tax bracket, you are going from AGI $191,950 to $191,951. Your tax bill at $191,950 would be:
$11,600 * 0.10 + $35,550 * 0.12 + $53,375 * 0.22 + $91,425 * 0.24 --------------------------------- $39,110.74
And your tax bill at $191,951 would be:
$11,600 * 0.10 + $35,550 * 0.12 + $53,375 * 0.22 + $91,425 * 0.24 + $1 * 0.32 -------------------------------------- $39,111.06
Your tax bill goes up by a whopping $0.32 or 0.01% by earning that extra dollar, meaning you still got to keep $0.68 of that dollar. When they say that dollar would cause their tax bill to go up a lot, that’s pretty much exclusively owing to the misconception that people assume their tax bill would have gone to $61,424, so in the misconception that dollar would have cost them $22,313.
Please, you’re wasting your time explaining. I know all this. I’m talking about how a libertarian would interpret the question due to its ambiguous phrasing. My only point is that of the original parent comment: the methodology of the researcher is bad.