this post was submitted on 20 Jun 2024
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[–] Frozengyro@lemmy.world 3 points 7 months ago (4 children)

Still too many who don't know this, it's best to explain to everyone. I've explained it to my mother several times, and she gets it, but then conveniently forgets about that when discussing politics.

[–] TexasDrunk@lemmy.world 3 points 7 months ago (1 children)

I was straight up told getting kicked into a new tax bracket would cost me money when I started working back in the 90s. By someone 3x my age. I believed it, being a wide eyed moron. I didn't figure out progressive tax rates for like a decade after.

[–] Frozengyro@lemmy.world 2 points 7 months ago

Just shitty one person could cost so many people so much opportunity in life.

[–] Hikermick@lemmy.world 2 points 7 months ago (1 children)

I've heard of people who use this as an excuse to turn down overtime

[–] Frozengyro@lemmy.world 2 points 7 months ago

I've tried to explain this to coworkers who claim to want overtime, but are afraid to due to this. They either don't understand, don't believe me, or don't really want to work OT.

[–] ZombiFrancis@sh.itjust.works 1 points 7 months ago

I am surprised by the amount of professionally employed homeowning parental adults I have encountered that do not know this.

[–] drislands@lemmy.world 1 points 7 months ago

It doesn't help that welfare does actually work this way.

I don't know the actual figures but my understanding is government assistance tends to work along the lines of "if you make less than $300, then the government gives you $100" so getting paid $350 is actually worse than being paid $290 for example, since going over the threshold cuts off the welfare completely.