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Farmer-Rick

(12,586 posts)

3. Thanks for explaining that

Reply to ehrnst (Original post)

Mon Jan 7, 2019, 08:48 AM

Jan 2019

I've always wondered exactly why the qualifier "marginal" on the tax rate.

On top of this, we should remember that the uber rich don't pay Social Security on anything more than the first $132,900.

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A friend who teaches federal tax law explained to me how marginal tax rates work [View all] ehrnst Jan 2019 OP

Nice analysis! Beakybird Jan 2019 #1

RW likes Smith's "Invisible Hand" yet later states capitalism needs a heavily tiered tax system. TheBlackAdder Jan 2019 #2

Thanks for remembering that! ewagner Jan 2019 #8

Thanks for explaining that Farmer-Rick Jan 2019 #3

Thanks for Two Reaons Roy Rolling Jan 2019 #4

They have ways to not pay taxes anyway. watoos Jan 2019 #5

Add to this the opportunity for credits and additional deductions cbdo2007 Jan 2019 #6

It drives me insane about how most people don't understand this Dopers_Greed Jan 2019 #7

Most people (including news people) don't understand immigration laws marybourg Jan 2019 #9

How many people are making 7 figures in wage income? Major Nikon Jan 2019 #10

It does make me crazy that reasonably intelligent people don't get this. PoindexterOglethorpe Jan 2019 #11

I can't tell you how much I appreciate this post. LittleGirl Jan 2019 #12

My friend the tax law professor is the real hero. She makes things easier to understand. (tn) ehrnst Jan 2019 #15

Yeah, but you posted it and shared it. LittleGirl Jan 2019 #28

If there are any millionaires upset with AOC's plan Takket Jan 2019 #13

Far simpler approach brooklynite Jan 2019 #14

In all likelihood the ones that don't understand the tax rates LiberalFighter Jan 2019 #16

And for "qualified dividends" and capitol gains, which wealthy people marybourg Jan 2019 #17

Good points. And the tax on that stuff maxes out at 20%. 23.8% if include the NIIT 3.8% surcharge progree Jan 2019 #19

A couple small corrections - but the concept is right and I agree progree Jan 2019 #18

Let's not leave out long term capital gains - much of what the rich (make) harumph Jan 2019 #20

Someone on Twitter had a great theory... forgotmylogin Jan 2019 #21

Thank you this helps tremendously Dem_4_Life Jan 2019 #22

This is how bad our education sysytem is. The public can't even do simple math.n/t. Scruffy1 Jan 2019 #23

Yep. Remember all the "Joe The Plumbers" who crawled out of the woodwork... Hassin Bin Sober Jan 2019 #24

The rich seem to damn sure understand it. ooky Jan 2019 #25

Good post. I think for a simple way for people to understand it... LuckyCharms Jan 2019 #26

Bookmarked underpants Jan 2019 #27