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OMG noooo!
(lemmy.world)
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this post was submitted on 29 Oct 2024
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And we're talking about progressive tax brackets here. ONLY the money over $400k will be taxed higher. As in if you make $405k per year, only the $5k will be taxed higher.
They will never understand that. I knew a guy who refused a raise because it would put him in the next tax bracket. I didn't even try to explain it.
My mom got fired from her job after 30 years of service (because the factory closed). She received a severance pay, paid out over 6 months, and told me she wouldn't be looking for a new job during that time because she'd have to pay double the taxes. I was like yeah but... you'd also be earning double the money?? I would understand that she wanted to take a break for a couple of months but if taxes were the reason, that just doesn't make sense.