What Are Tax Brackets And How Do They Affect You?

Many people who begin earning more income hear about the idea of tax brackets. You don't, they may warn you, want to end up in a higher tax bracket. But what does this really mean? And how can you ensure that you are doing all you can to minimize your tax bill? Here's what you need to know.  What Are Tax Brackets? Because the United States uses a progressive tax system, income is subjected to a ladder of tax rates. Read More