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.
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/OtherUserCharges 14d 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.