This can actually be an issue for poor people, not because of tax brackets but because of income-based assistance cutoffs. If $1/hr raise throws you above those cutoffs, that extra $160 could cost you $500 in food assistance, $5-$10/day for school lunch, or get you kicked out of government subsidied housing.
Yet another form of persecution that the poor actually suffer and the rich pretend to.
It’s almost as if leaving things to social contracts vs regulating them is bad for the layperson… 🤔
Nah fuck it. The market will regulate itself! Tax is theft and I don’t want that raise or I’ll get in a higher tax bracket and make less!
This can actually be an issue for poor people, not because of tax brackets but because of income-based assistance cutoffs. If $1/hr raise throws you above those cutoffs, that extra $160 could cost you $500 in food assistance, $5-$10/day for school lunch, or get you kicked out of government subsidied housing.
Yet another form of persecution that the poor actually suffer and the rich pretend to.
God the number of people I’ve heard say this over the years is nuts.
And then the companies hit the “trust thermocline”, customers leave them in droves and companies wonder how this could’ve happened.