A Cool Dude to [email protected] • 11 days ago"Getting paid more money is for fools"lemmy.mlimagemessage-square84fedilinkarrow-up1489arrow-down118
arrow-up1471arrow-down1image"Getting paid more money is for fools"lemmy.mlA Cool Dude to [email protected] • 11 days agomessage-square84fedilink
minus-square@[email protected]linkfedilinkEnglish28•11 days agoLet’s make it even more simple with some fake numbers to make it super easy. $0-$10,000 - taxed at 10% $10,000-$20,000 - taxed at 20% $20,000-$30,000 - taxed at 30% If you make 9 and get a raise to 11, seems like you would now pay 20% on all that! But no. The first 10 is still taxed at 10%, only the extra $1,000 gets taxed at 20%. If you go to 31, again, the first 10 is taxed at 10, the next 10 is taxed at 20, and only the extra $1,000 gets taxed at 30%.
minus-square@[email protected]linkfedilinkEnglish7•11 days ago $10,000-$20,000 - taxed at 20% Goll durnit, I know 10,000-20,000=-10,000! How I supposed to pay 20% tax on -$10,000?? Do they pay ME money?? Clearly everythin you said is BULLshit! (This is a joke just to be clear :P)
Let’s make it even more simple with some fake numbers to make it super easy.
$0-$10,000 - taxed at 10%
$10,000-$20,000 - taxed at 20%
$20,000-$30,000 - taxed at 30%
If you make 9 and get a raise to 11, seems like you would now pay 20% on all that! But no.
The first 10 is still taxed at 10%, only the extra $1,000 gets taxed at 20%.
If you go to 31, again, the first 10 is taxed at 10, the next 10 is taxed at 20, and only the extra $1,000 gets taxed at 30%.
Goll durnit, I know 10,000-20,000=-10,000! How I supposed to pay 20% tax on -$10,000?? Do they pay ME money?? Clearly everythin you said is BULLshit!
(This is a joke just to be clear :P)