I see this become apparent on social media every so often and it’s really just depressing how widespread the misunderstanding is.
51% of Americans who were polled in a 2021 survey agreed with the statement that “You pay your marginal tax rate on all of your income”.
i come from a long line of accountants going back to guys who counted silver coins for some shitty Welsh lord and that’s the only reason i ever knew anything about the U.S. tax system
CPA here. People always ask me about taxes especially when they want to do sketchy shit