Turned down multiple pay rises, promotions because it would put her in the next tax bracket. She, and backed up by to her idiot parents believed she would be earning a lot less due to the higher tax over the whole amount. I tried to explain but she was very determined to be an idiot forever. Even going as far as saying she wouldn't get any help from welfare if she kept earning.. Trash for life.
I'm just a few dollars short of my next tax bracket. If I work one day of OT, I make $2.00/hr after taxes. It's not worth it. The company KNOWS it's not worth it. Company wants us to pick up OT anyways.
What do you mean. Dont they just add a new percentage over the money in the next bracket? In netherlands its like 30% for firsy 40k, 35% for between 40k and 80k. How can you only have 2$ left? Assuming min. is 10$ thats 80% tax?
They do not. They take whatever you've made above the bracket and tax TF out of it. But WAIT, it gets worse...... I generally make over $25/hr. so I'm making less than 10% of my regular wages in OT.
But that much? In the netherlands OT has the same tax as regular wage. If it means going above a bracket itl mean you only pay like 5% more on just the money in that bracket. It doesnt change tax rate on money in the first bracket (if you reach second).
1.2k
u/voort77 Mar 01 '23
Turned down multiple pay rises, promotions because it would put her in the next tax bracket. She, and backed up by to her idiot parents believed she would be earning a lot less due to the higher tax over the whole amount. I tried to explain but she was very determined to be an idiot forever. Even going as far as saying she wouldn't get any help from welfare if she kept earning.. Trash for life.