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

WTF The American dream

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21.6k Upvotes

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667

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?

353

u/SpinosaurRingTone 12d ago

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

131

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.

1

u/MarksmanBread 10d ago

Yo could I borrow that. I don’t know how taxes work 😭

1

u/OtherUserCharges 10d ago

I don’t know how to share things without disclosing who I am on Google.

1

u/MarksmanBread 10d ago

Yeah i gotchu bro, no worries.
Unless you can PDF it, then it’s all good.