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US Income Tax Basics: CNBC Explains

CNBC Explains
Thursday, 16 Jun 2011 | 9:05 AM ET
U.S. Income Tax Basics: CNBC Explains
The amount of tax you pay depends on how much money you make. For anyone who has computed taxes, 'tax brackets' are a familiar term, but how they work can be complicated. Salman Khan of the Khan Academy breaks down and explains the U.S. income tax schedule.

The amount of tax you pay depends on how much money you make. For anyone who has computed taxes, “tax brackets” are a familiar term — but how they work can be complicated. Salman Khan of the Khan Academy breaks down and explains the U.S. income tax schedule.

From this video, you’ll understand:

  • How the US federal tax rate schedule works
  • What “tax brackets” mean



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