How Tax Brackets Actually Determine Your Bill

Episode 47 of The Tax Policy Podcast with Fexingo demystifies how tax brackets work, using a concrete example of a single filer earning $75,000 in 2025. Lucas and Luna walk through marginal rates, the difference between marginal and effective tax rates, and common misconceptions like 'making less to stay in a lower bracket.' They also discuss how indexing for inflation works and why the Tax Cuts and Jobs Act changed bracket thresholds. A listener-funded show, no ads, supported at buymeacoffee.com/fexingo. #TaxPolicy #Economics #TaxBrackets #MarginalTaxRate #EffectiveTaxRate #InflationIndexing #TaxCutsAndJobsAct #IRS #SingleFiler #IncomeTax #TaxEducation #FiscalPolicy #PersonalFinance #TaxSeason #BracketCreep #LucasAndLuna #FexingoBusiness #BusinessPodcast Keep every episode free: buymeacoffee.com/fexingo