• Draces@lemmy.world
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    18 hours ago

    I know how marginal taxes work and you didn’t address my question. If the tax on above $300k is less than it was before you are paying less. What is this about something changing at $1 million?

    • Nednarb44@lemmy.world
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      18 hours ago

      I think what they’re saying (I didn’t look at the data yet) is that while the rate at 300k is lower, that lower rate doesn’t make up for the higher rates that individual will have paid until that point. So for the individual in question, the net positive doesn’t happen until 1m.

      • Draces@lemmy.world
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        16 hours ago

        Ah yeah. Might just be a bad graph since it says “by income group” and then breaks down by the actual bracket. Not sure exactly which it means still but I think they’re right