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There are cases where if your salary goes up, your take-home goes down, especially for lower income levels. It’s just not on the basis of tax brackets. There ar
by jtbayly 2y ago
There are cases where if your salary goes up, your take-home goes down, especially for lower income levels. It’s just not on the basis of tax brackets. There are means-tested benefits that you can lose if you cross certain income levels where an increase in income of $5 can cost you thousands of dollars.
- medvezhenok 2y agoYup. Most are for lower income levels but some affect middle class & up as well (electric vehicle credits, financial aid for university, first time homeowner credits, or affordable homeownership breaks... etc)