Submitted by [deleted] t3_yf1320 in massachusetts
[deleted]
Comments
OriginalMenace t1_iu13gj2 wrote
That is not how taxes work dude.
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My God our education system has failed us all.
thomascgalvin t1_iu13wwe wrote
Getting a pay raise can only ever result in a loss of income if it causes you to lose benefits. If you receive EBT, for example, and go over the income limit for those benefits, a pay raise can actually hurt you.
But if you're talking about income tax, a pay raise never results in less income. Ever.
This is because the tax rate is progressive. Some example tax bands:
| Min | Max | Tax Rate |
|---|---|---|
| $0 | $10,000 | 10% |
| $10,001 | $20,000 | 20% |
| $20,001 | $30,000 | 30% |
If you earn $20K, you pay 10% on the first $10k, and 20% on the next $10K - not 20% on the whole thing.
And if you start earning $30K, you pay 10% on the first $10k, 20% on the next $10K, and 30% on the rest.
A pay increase never results in less income due to taxes.
SocoCocoPuffs t1_iu1452w wrote
Unbeknownst most taxachusetts it doesn’t actually live up to its name. We rank number 21 in tax burden by state. Unless you compare us to like New Hampshire, we’re actually middle of the pack In the US.
https://wallethub.com/edu/states-with-highest-lowest-tax-burden/20494
mrlolloran t1_iu14gjy wrote
I tell people this all the time and they look at me like I’m batshit crazy
thomascgalvin t1_iu14riz wrote
Republicans don't want people to understand how taxes work.
tryhardereverydayy t1_iu14xkm wrote
It's ok i am probably making more than you
GWS2004 t1_iu14xxq wrote
They don't want people to know how ANYTHING works which is why they are always attacking public education.
pillbinge t1_iu14xzc wrote
We used to be like 6th or something. We’ve actually reduced taxes.
manikin13 t1_iu1573h wrote
Good for you, then pay your fair share, and don't complain about it.
tryhardereverydayy t1_iu15ox6 wrote
:) haha
OriginalMenace t1_iu165er wrote
Doubtful, but even if that was the case, I am most definitely winning the brain cell count.
tryhardereverydayy t1_iu16oo4 wrote
No one cares but you dude
OriginalMenace t1_iu17nb2 wrote
Says the one whining on reddit about taxes that they don't even understand.
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PS, if you made more than me, you wouldn't care about taxes.
tryhardereverydayy t1_iu18amx wrote
I understand taxes you jerk I was asking if anyone else is paying that much. I asked a question, and you need to be an asshole about it. Your a dick must be minuscule.
OriginalMenace t1_iu18egu wrote
If you understood taxes, you wouldn't be asking this question.
tryhardereverydayy t1_iu19wbt wrote
OriginalMenace t1_iu1azeh wrote
Your brain, yes.
tryhardereverydayy t1_iu1b8ax wrote
Sorry your dick is so small
OriginalMenace t1_iu1bg4s wrote
No, it’s average, unlike your brain
tryhardereverydayy t1_iu1bqrq wrote
Ewe that's sad
OriginalMenace t1_iu1byrb wrote
Nothing wrong with average, just below average is sad, like the size of your brain.
hotaspee t1_iu13b0i wrote
So are you complaining about the 5% income tax levied by Massachusetts? Or are you complaining about paying (presumably) 24% in federal income taxes on income over $89,075? Are you aware that anything below $89,074 is being taxed at 22%, and only income between $89,075 and $170,050 is being taxed at 24%?