this post was submitted on 20 Jun 2024
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This legit happened to a college of mine, at his first job (as engineer), it took me well into his second year of employment (the time when he got the second yearly income tax stats) to get him to understand what I've been explaining to him since he was offered a raise a few months after he started.
I tried, I really did, with charts, examples, my own income tax statement, ... but no.
I never found out which part was bothering him, like theoretically, how tf ...
To anyone with the math skills, I just explain it as a piecewise function. It's pretty easy to model.
Its not a complicated function. And he is an engineer, he had plenty of maths in uni.
Unfortunately he’s probably drinking raw milk these days. IYKYK.
That's not how that works.
"The Bottom Line
The next time you receive a raise, don’t let concerns about tax brackets dampen your enthusiasm too much. You really will take home more money in each paycheck."
Article says that is how it works
I think they were just referencing the subtitle of the article
Yes? Sounds like you're agreeing with me?!
Maybe I misunderstood the person I was responding to though for sure.