Work & the Rat RaceTaxes
The Raise That Costs You Money
A higher tax bracket only taxes the dollars above the line
Someone told you a raise could push you into a higher bracket and leave you with less. Did they get the math right?
You'll find out
- Which dollars pay the higher rate
- The rate you really pay
- Where a raise can really hurt
Why it matters
Turning down a raise over a tax myth is the most expensive math mistake there is.
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