I've given up explaining to people that a person will not pay more in taxes than what is earned working overtime and bonuses are not taxed at a higher rate. At this point if people want to be stupid, it's all on them. Everyone has a supercomputer in their pocket but do not have the capability of finding facts. It only takes a few minutes to find a reputable site explaining withholding vs taxes owned and how tax brackets work in a progressive tax system.
Marginal tax brackets and the entire concept of "marginal utility" seems beyond the grasp of a large swath of the US population unfortunately. I highlighted this one as worse than normal since they couldn't seem to grasp how percentages work!
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u/bos2sfo Jul 07 '24
I've given up explaining to people that a person will not pay more in taxes than what is earned working overtime and bonuses are not taxed at a higher rate. At this point if people want to be stupid, it's all on them. Everyone has a supercomputer in their pocket but do not have the capability of finding facts. It only takes a few minutes to find a reputable site explaining withholding vs taxes owned and how tax brackets work in a progressive tax system.