I wish I could upvote this a thousand times. I don&#x27;t know where this idea of getting &quot;bumped up a tax bracket&quot; comes from. I occasionally hear it from smart and otherwise informed people.<p>It&#x27;s easy to dismiss as a wonkish point, but I actually think it&#x27;s important. Some people think it&#x27;s unfair for millionaires to be &quot;taxed at a higher rate&quot; when they&#x27;ve &quot;earned their money.&quot; I wonder if they would still feel that way if they understood the millionaire is paying the same rate as everybody else for the first $75k, for example.<p>Of course, the truth is the millionaire is probably paying a lower tax rate due to clever accounting and large portion of earnings being subject to capital gains tax instead of income tax. But that&#x27;s a different topic.<p>Anyway, not trying to make this political. :) I just wish more people understood how tax brackets actually work.