Good to see the updated brackets, but I agree with other comments regarding how the brackets don’t neatly line up with economic classes, especially when accounting for COL differences. A household making $200k in Kansas and one making $100k in NYC are both in the “lower middle class” tier, but their economic realities are vastly different. You can live like a king on $200k in the Midwest. More on reddit.com

"Everyone making more than me needs to be paying a lot more in taxes" says Reddit More on reddit.com

First you need to understand how tax brackets work. They do not apply to your entire income, just the amount that falls within that bracket's range. Second, assuming you're single, you would not reach the 24% bracket until your TAXABLE INCOME (that is, your gross income minus the standard deduction or any other adjustments or deductions) exceeds $100,525. With just the standard deduction, you are not over that amount. (Unless you have other sources of income.) More on reddit.com

Marginal rates: For tax year 2024, the top tax rate remains 37% for individual single taxpayers with incomes greater than $609,350 ($731,200 for married couples filing jointly). The other rates are: 35% for incomes over $243,725 ($487,450 for married couples filing jointly) 32% for incomes over $191,950 ($383,900 for married couples filing jointly) 24% for incomes over $100,525 ($201,050 for married couples filing jointly) 22% for incomes over $47,150 ($94,300 for married couples filing jointly) 12% for incomes over $11,600 ($23,200 for married couples filing jointly) The lowest rate is 10% for incomes of single individuals with incomes of $11,600 or less ($23,200 for married couples filing jointly). https://www.irs.gov/newsroom/irs-provides-tax-inflation-adjustments-for-tax-year-2024 More on reddit.com