These are tax brackets for 2019.
Simple, right?
But many of us make a common mistake when looking at this.
Let's say my income is $84,000.
You might think that puts me in the third bracket.
So I would owe the federal government 22% of my income.
This is wrong.
And it's causing us to have uninformed debates about tax policy.
Here's how it actually works.
Let's go back to my $84,000 income.
