How Do Tax Brackets Actually Work?

December 29, 2022 Beginner
We'll dispel some tax myths and explain how tax brackets actually work.
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Examples provided are for illustrative purposes only and not intended to be reflective of results you can expect to achieve.

Schwab does not provide tax advice. This information does not constitute and is not intended to be a substitute for specific individualized tax, legal, or investment planning advice. Where specific advice is necessary or appropriate, Schwab recommends consultation with a qualified tax advisor, CPA, financial planner, or investment manager.