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Explaining the US Tax System
In this video, we explain how the US tax system works. The US Tax system is a progressive, tiered tax system. Tax brackets depend on income. Should you fear having a higher income and avoid making more money because you will have to pay more on taxes? We explain why you shouldn't worry about making more money and address some common misunderstandings
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The US tax system is progressive, with higher income taxpayers facing higher tax rates. Learn more: http://pgpf.org/Chart-Archive/0102_tax-rates
