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No Stupid Questions@lemmy.world · 4 months ago

How do Texas residents afford electricity during high-demand?

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How do Texas residents afford electricity during high-demand?

SnausagesinaBlanket@lemmy.world to

No Stupid Questions@lemmy.world · 4 months ago

Whenever they have a spike in demand, the de-regulated prices go up by several hundred percent. Example

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4 months ago
According to ChatGPT:

15% on the first $49,275 of taxable income.

20% on the next $49,275 of taxable income (over $49,275 up to $98,550).

24% on the next $19,170 of taxable income (over $98,550 up to $117,720).

25.75% on the taxable income over $117,720.

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