How tax brackets actually work
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How tax brackets actually work
There is a common misunderstanding about how tax brackets work in the US, and it’s causing us to have uninformed debates about taxes. Become a member of the Vox Video Lab! http://bit.ly/video-lab Watch our video on Alexandria Ocasio-Cortez's 70% tax plan here: https://youtu.be/bWRO-M47eCY Check out the podcast on this topic from Today ...
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🚨 2025 tax tip (One Big, Beautiful Bill Act): SAVE your FINAL 2025 pay stub. Because of the “no tax on overtime” and “no tax on tips” deductions, the IRS says a lot of people may need extra records to claim it correctly when filing their 2025 taxes (filed in 2026). Here’s the key: for 2025, your employer may not have the overtime premium/tips broken out clearly on your W-2, so your last pay stub can help your tax preparer separate: ✅ base pay vs overtime premium (the “extra” part) ✅ reported ti
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