💥Tax Brackets Cheat Sheet → https://accountingstuff.com/shop

In this video you'll discover what Tax Brackets are and learn how they work in a progressive tax system. We'll use Tax Brackets to calculate Tax Payable with an example and I'll explain the difference between Marginal Tax Rates and Effective Tax Rates.

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⏱️TIMESTAMPS
00:00 - Tax Bracket Definition
00:20 - Example (Part 1)
03:03 - Progressive Income Tax
03:18 - Marginal Tax Rate
03:33 - Effective Tax Rate
03:56 - Example (Part 2)

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