How Do Tax Brackets Actually Work?

World News

How Do Tax Brackets Actually Work?

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It takes the average American 13 HOURS to file their taxes… yet few of us know how they’re calculated!

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Two Cents was created by Katie Graham, Andrew Matthews, Philip Olson CFP® and Julia Lorenz-Olson and is brought to you by PBS Digital Studios. We love dropping some knowledge on all things personal finance and helping you make better money decisions.

Two Cents is hosted by Philip Olson, CFP® and Julia Lorenz-Olson
Directors: Katie Graham & Andrew Matthews
Written by: Andrew Matthews
Executive Producer: Amanda Fox
Produced by: Katie Graham
Edited & Animated by: Derek Borsheim
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SOURCES:

https://www.irs.gov/…/irs-provides-tax-inflation…
https://www.investopedia.com/…/what-are-differences…
https://www.nerdwallet.com/…/federal-income-tax-brackets/
https://www.fool.com/…/the-average-american-spends-this…
https://www.thebalance.com/how-us-taxes-compare-with…
https://www.pewresearch.org/…/among-developed-nations…/
https://www.marketwatch.com/…/81-million-americans-wont…