• i_stole_ur_taco@lemmy.ca
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    5 days ago

    In places with marginal tax brackets, no. The numbers are different where I live, but the principle (hah) is the same:

    If you earn 291k a year, the first 191k is taxed at 24%. The money left over (100k) gets taxed at 32%. So if you get a raise or bonus, the “tax problem” is only that your extra money is immediately taxed at 32%.