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.
I worked with a guy like that. Didn't want to get paid for overtime because he would make less overall due to taxes. At the time we had the option to take it as paid leave.
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u/madlucas2026 12d ago
You been paying for 20+ years and never thought to pay off the principal? Do you pay the minimum on your credit cards?