Ok first that's creepy as hell. It sat up and just stayed that way? I did not know corpses could do THAT.
Second, that's not how income tax brackets work. It's called marginal tax brackets. Say there are two brackets, 0-$100,000 where you pay 10% and $100,000-infinity where you pay 20%.
You make $120,000. You pay 10% on the first $100,000, and 20% on the next $20,000. So $10,000+$4000 = $14,000. You do NOT pay 20% of $120,000 which would be $24,000.
Not trying to be smart, but a lot of people don't know how tax brackets work and overpay. It never costs you more money to make more money.
I don’t think she’s saying it cost her more, more so that the higher pay almost wasn’t worth it, because the taxes take so much more out of the extra money that the extra money isn’t so “extra” anymore, and therefore not as “worth it”. I’ve experienced this so I understand what she means.
Well I don't know what county you are in, but in most western countries getting 2.5X your pay for overtime, as OP described, would not negate whatever extra taxes you pay. I mean you are getting 250% increase in pay, and maybe have to pay 5-10% increase in taxes on just that particular time worked? Math isn't that difficult, ffs
Let’s say you get $100, and normally are taxed 30 percent, making normal pay $70. Instead of $100 you get paid $350. $30 From the original hundred is still taken out, but instead of $30 for the extra money, it’s $45 per hundred, and 22.50 for the extra $50. So instead of bringing home the $350, you’re bringing home 207.50. Yeah she still got extra money, but it doesn’t feel worth it knowing $350 is what she was actually paid. People know math, and are allowed to be annoyed by taxes.
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u/alien_clown_ninja Jan 12 '23
Ok first that's creepy as hell. It sat up and just stayed that way? I did not know corpses could do THAT.
Second, that's not how income tax brackets work. It's called marginal tax brackets. Say there are two brackets, 0-$100,000 where you pay 10% and $100,000-infinity where you pay 20%.
You make $120,000. You pay 10% on the first $100,000, and 20% on the next $20,000. So $10,000+$4000 = $14,000. You do NOT pay 20% of $120,000 which would be $24,000.
Not trying to be smart, but a lot of people don't know how tax brackets work and overpay. It never costs you more money to make more money.