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"Getting paid more money is for fools"
(lemmy.ml)
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this post was submitted on 20 Jun 2024
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someone failed at teaching this loser mathematics.
Check his username before you eat the onion next time.
Way too many people don't understand how marginal tax rates work.
Just went through this with my dad. He got 'right-sized' about a year ago and has been job hunting. He called me (praise jeebus) to ask me for advice about negotiating a slighly lower starting salary because his offer on a new job was about $140 over the line into the next bracket and he didn't want to 'lose' all that extra salary to taxes.
We spent about an hour on a video chat where I ended up pulling up the IRS page about it as well as going line by line through the tax tables so I could show him how it actually works. He was flabbergasted and kept asking how could every single person he knows be wrong about this.
US public education system doesn't teach anything related to real-world finances, including how tax brackets work.
I learned how taxes work when I was in 8th grade and then again in high school.