Thanks for the response. This is not how I understood the tax tables.
The table for 2019 shows this:
Tax rate Single filers Married filing jointly*
| 10% | $0 – $9,700 | $0 – $19,400 |
| 12% | $9,701 – $39,475 | $19,401 – $78,950 |
| 22% | $39,476 – $84,200 | $78,951 – $168,400 |
| 24% | $84,201 – $160,725 | $168,401 – $321,450 |
I would assume that a single filer would pay 10% taxes on the first 9,700 dollars and the dollar number 9,701 gets taxed with 12% and that's it. Hence If if the income would be 9,700 dollars then the single filer would need to pay 970 dollar on taxes. An income of 9,701 dollars should result in taxes of $970 plus 12 cents to a total of $970.12.
What I am missing here?
