Wednesday, October 18, 2006

Maybe Erica's lying. She never pays tax.

Up until today, I was under the impression that when your gross income increases enough to result in a jump to a higher tax bracket, meaning a higher rate of taxation, it was possible that your net income could actually decrease to the the higher rate, if the increase in gross income was not large enough.

Upon further research, prompted by one whose name appears in the title of this post, I find out that I am wrong.

I'm so embarrassed (I'm also embarrassed that I needed to use a spell checker to make sure that I spelled "embarrassed" correctly).

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