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In the higher tax bracket, he didn't work enough overtime to offset the increased taxes and ended up with a smaller check than if he worked less. At least that'
by rascul 10y ago
In the higher tax bracket, he didn't work enough overtime to offset the increased taxes and ended up with a smaller check than if he worked less. At least that's what he claimed.
- adwn 10y agoThis is not possible with a progressive tax system. It is likely that he misunderstood tax brackets, average tax rate, and marginal tax rate.
- flukus 10y agoNot with taxes alone, but welfare cliffs can kick in: http://www.learnliberty.org/blog/the-welfare-cliff-and-why-many-low-income-workers-will-never-overcome-poverty/ http://www.learnliberty.org/blog/the-welfare-cliff-and-why-m...