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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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Depending on the tax system that is an actual issue.
At least in the US there is no possible situation where you'd get less money for making more money.
Exactly, or that's how it was explained to me. Say you get a 10k raise from 94k to 104k and the next bracket is at 100k. If your old percent was 20% and the 100k bracket is 25% only the "extra" 4k would be taxed at 25% and the 6k before that would be 20%.
Or so I've been told by smarter people than me. Numbers/ brackets and percentages are all made up to make it easier.
Midwest, US if it matters.