I’m so thankful for a great CPA who understands the ins and outs of taxes so that I don’t have to. However, I do think we should all have a baseline of understanding, especially if we’re going to debate about them. Dan Meyer blogged last week about how teachers have the opportunity to make their students smarter than half of the American population by helping them learn how tax brackets really work. Take a look:
Here’s what I’m wondering:
Would you rather get a $100 raise and move up a tax bracket, or not get a raise and stay in a lower tax bracket? (Try it for yourself. Here are the tax brackets. How much will an individual making $82,500 have to pay in taxes? What if they make $82,600?)
How does thinking of them as tax pockets rather than tax brackets change the understanding of this concept?
Do you think Vox presents a biased view to this topic? Why or why not?
What would you do to make this video clearer?