Submitted by GhostRunner24 t3_zz6lbd in personalfinance
Emotional-Savings-71 t1_j2dhdyv wrote
You jumped a tax bracket I'm assuming resulting in higher taxes being taken hence the loss in, income and you lost 10 extra hrs of pay which shouldn't seem like much but if you make 50 an hr thate 500$ less youd make
absurdamerica t1_j2dkpjt wrote
Tax brackets are marginal. They don’t start withholding a ton more because you’re paying a few extra dollars from increased income. Yes if he got a 30k raise he’d notice but not going from 25 to 27 an hour.
Emotional-Savings-71 t1_j2dl5ln wrote
Yeah but he could of been teetering a few % extra being taken and the loss of 10 hrs of o.t will definitely be noticable was all I was saying because there's a huge difference in my checks between 50 hrs and 40hrs
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