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[–] 8 points 6 months ago (3 children)

legitimately, a lot of folk out here think you will lose money (not benefits i know how that cookie crumbles) if they take a raise. because their tax bracket would change. so they turn them down and the people owning their companies cackle. critical thinking is not where they spent their focus.

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  • [–] 2 points 6 months ago (2 children)

    If it only barely bumps you to the next bracket, it's not worth it. I had more time and money by cutting to a 30 hour week and not paying daycare, sick care, before school care. I moved to a lower tax bracket and pocketed an extra $20/week.

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  • [–] 1 point 6 months ago

    the way tax works, is that only the money that bump you over the threshold is taxed at the higher bracket.

    so if there is a bracket up to $100 taxed at 5% and a bracket between $101 to $200 taxed at 10%…

    if you made $101 … the first $100 taxed would cost $5. and the tax on the $1 would cost $0.10.

    so someone making $100 pays $5 with $95 remaining, and the person making $101 pays $5.10 with $95.90 remaining…

    so then there is no reason to deny a raise of any amount, even riding the threshold.

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