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/biz/ - Business & Finance

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11463277 No.11463277 [Reply] [Original]

>You make less money by working overtime and you get bumped into a higher tax bracket

>> No.11463290

>>11463277
Jesus how do people wind up believing this? Do we blame the schools?

>> No.11463306

>t. idiot who doesn't know how tax brackets work
You get charged the same amount of tax for all the money in the previous bracket. Basically you're just making less per hour after you break into the higher tax bracket, but not less overall. If you're $1 over the tax bracket limit, only that $1 will get charged the higher rate.

>> No.11463308

>>11463277
I get paid 1.5x my hourly rate for overtime. This makes no sense at all.

>> No.11463343

>work 2 days check is $400
>Work 5 days check is $800

>> No.11463396

>>11463290
You can't fix stupid with education, anon. I had an MBA say something very much like this to me.