this post was submitted on 17 Nov 2024
1000 points (94.1% liked)

Comic Strips

12964 readers
1717 users here now

Comic Strips is a community for those who love comic stories.

The rules are simple:

Web of links

founded 2 years ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 4 points 1 month ago

In places with marginal tax brackets, no. The numbers are different where I live, but the principle (hah) is the same:

If you earn 291k a year, the first 191k is taxed at 24%. The money left over (100k) gets taxed at 32%. So if you get a raise or bonus, the “tax problem” is only that your extra money is immediately taxed at 32%.