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That’s not how taxes work https://www.investopedia.com/ask/answers/071114/can-moving-higher-tax-bracket-cause-me-have-lower-net-income.asp https://www.investop
by vsareto 5y ago
That’s not how taxes work
https://www.investopedia.com/ask/answers/071114/can-moving-higher-tax-bracket-cause-me-have-lower-net-income.asp https://www.investopedia.com/ask/answers/071114/can-moving-h...
- michaelcampbell 5y agoI think they mean if you are 1% away from a new tax bracket and get a 5% raise, 4% of that is at the higher tax bracket. So while you still make more money you make less than you would have if the entire 5% were in the lower bracket.