LogFAQs > #926466640

LurkerFAQs, Active DB, DB1, DB2, DB3, DB4, Database 5 ( 01.01.2019-12.31.2019 ), DB6, DB7, DB8, DB9, DB10, DB11, DB12, Clear
Topic List
Page List: 1
TopicI feel like overtime isn't worth it unless you desperately need the money.
TheGoldenEel
08/23/19 8:07:32 PM
#12:


FFVII_REMAKE posted...
Except that's how taxes work. I can compare an old tax from the years I worked 60-80 hours a week and the recent taxes where I only did 40 hours a week and can clearly see you just get taxed more in every category.

So how does that benefit the worker? All I see is that we're benefiting those who aren't working.
Maybe you just see more on your return then

you only get taxed a percentage of what you make for the year, and you only get taxed the percent within that bracket

lets say the tax brackets were

0-20,000 - 5%
20,001 - 50,000 - 15%
50,001 - 100,00 - 25%

If you made 75,000, you would only pay

5% tax on the first 20,000
15% on the 30,000 between 20,000 and 50,000
25% on the remaining 25,000

there is never a time where making more money is not beneficial to you


---
The words of The Golden Eel have been revealed...
Games: http://backloggery.com/wrldindstries302 \\ Music: http://www.last.fm/user/DrMorberg/
... Copied to Clipboard!
Topic List
Page List: 1