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US 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.

From this video, you’ll understand:

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



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