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125

What are some poor pieces of advice for life? (kbin.melroy.org)

submitted 4 days ago by [email protected] to c/[email protected]

83 comments fedilink hide all child comments

Quitting jobs

Everyone has a job they don't like and whenever someone complains about the job that they do, there's always are going to be handfuls of people saying "QUIT UR JOB!" not really caring about whether it'll benefit the complainer or not.

Quitting a job cold is one of the dumbest things you can do when you do not have any safety nets. No savings. No jobs lined up. Nothing planned. You are putting yourself back to a place of uncertainty and it's not pleasant when that countdown starts. That countdown is tied to how much you have left to cover your expenses fully until you get another job and how long those expenses will pile up.

Because all it takes is one or two missed paychecks to upset your financial stability and the system you've made in how you pay for things.

For some people, unfortunately, quitting jobs is not as simple of an option. People are just jammed into where they are because their job market is poor or it's highly competitive even when they went to college for that job.

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[–] [email protected] 12 points 2 days ago (1 children)

For anyone here who doesn't understand why this is bad advice, it's because income tax increases only apply to income made above that threshold.

Let's do a simple example and pretend there's only 2 tax brackets. From 0-50k tax is 10% and over 50k it's 20%.

If you make exactly 50k your tax burden will be 5k and you'll take home 45k a year.

If you get a 1k raise, only the final thousand is taxed at the higher rate, so your tax burden will be 5200 (10% of the first 50k and 20% of the remainder), and you'll take home 45,800 a year.

So even though you change tax brackets, you still make more money.

[–] Trigger2_2000 2 points 2 days ago* (last edited 2 days ago)

USA here: Or people saying "Don't work overtime, they'll just take it all in taxes".

Well, my marginal tax rate on income has never been 100% (yet). While there are other factors to consider if you feel working overtime is worth it or not to you personally. That is not a valid logic to use.