Hiltzik: Marginal tax rates, how do they work?

Kelsey Plum, the talented star of the L.A. Sparks, recently stirred the pot with her commentary on California’s tax laws. During an interview, she shared her decision to take a one-year contract for $999,999 instead of $1 million to avoid hitting the state’s top tax bracket, which starts at the million-dollar threshold. Many immediate critiques […]