USA Today Is Too Dumb for Words When It Comes to Taxes

Arghh!!!!!!!! Don't you have to know anything to write for a major newspaper these days? USA Today told readers that:

"That raise actually might not be as good as it looks. The extra money is nice, but it could very well bump you into the next tax bracket, possibly leaving you with less money than you had before the raise."

 

No, no and 286,000 times no! The tax system brackets give marginal rates. This means that if the raise bumps you into a higher bracket then you pay more taxes only on ...