Income Tax Personal Amount and Marginal Tax Rates
If I look at this web page (and many others), they show a nice table with the marginal tax rates.
In the research that I have done, it appears that the personal amount means that the first $13808 is not taxed.
However if that is true, then why wouldn't the first two lines in the table simply say:
0-13808 tax rate=0%
13808-49020 tax rate=15%
Instead of simply putting that first line in the table, they break it out into this convoluted "personal amount". Since they do this, I must assume my understanding of "personal amount" is wrong.
So that begs the question... then what is this "personal amount" if it is NOT a zero tax rate for the first $13808?