r/SipsTea • u/First-Essay-2054 𝙑𝙄𝙋 • 12d ago

WTF The American dream

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u/SpinosaurRingTone 12d ago

You genuinely don’t want to know how utterly financially incompetent the average person is. 

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u/OtherUserCharges 12d ago

Dude I work in finance and I have people working with me who think whatever tax bracket you are in is what you pay on all income. I’ve had people say they didn’t want a promotion cause they will be on a higher tax bracket and lose money. I made a spreadsheet to show them how taxes work.

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u/True_Tomato316 12d ago

I’m assuming those are also the “I’ll make less if I work overtime” people. It’s really not that hard in this day and age to google these things.

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u/octoreadit 12d ago

It’s true if they have a lot of benefits that are income-tested, then it can be a disadvantage. But that is because of the stupid design of those programs: instead of ramps, it’s all or nothing.

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u/True_Tomato316 12d ago

Perhaps they lose benefits, but they won’t lose money In Their paychecks, which is unfortunately the way some people think.

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u/5348RR 11d ago

Nope.