A graduated tax structure is evidently just literally too complex for about half the population to understand.
Throw ‘how is Social Security funded’ into that as well.
The top bracket is 176,000 and everything above that.
All it would take to keep Soc Sec funded is just add more brackets after that.
But nope, America is full of morons who think that their dumb ass making 40k or 80k is going to see a higher tax bill if you explicitly only additionally tax those making stupendous amounts of money.
That can happen, depending on your company’s payment software. One place I worked at would calculate the expected tax burden based on the highest paycheck you made, so if you worked 50% overtime (thus making 175% of your normal paycheck), it would be placing you in a way higher tax bracket for the rest of the year, and you’d have to reclaim it all in the refund when you did your taxes.
The only scenario I can imagine that making sense in is if you are getting SSI or SSDI and the overtime you exceed the threshold to keep receiving benefits, but would not exceed the actual SSI benefit itself.
Or for SNAP or TANF or something.
… the only other scenario I can think of is your ex is commiting tax fraud.
… or they can’t understand middle school level math… =[
Yep.
A graduated tax structure is evidently just literally too complex for about half the population to understand.
Throw ‘how is Social Security funded’ into that as well.
The top bracket is 176,000 and everything above that.
All it would take to keep Soc Sec funded is just add more brackets after that.
But nope, America is full of morons who think that their dumb ass making 40k or 80k is going to see a higher tax bill if you explicitly only additionally tax those making stupendous amounts of money.
Had an ex try and convince me that taking overtime pay instead of banking hours would net me less money for the same reason.
That can happen, depending on your company’s payment software. One place I worked at would calculate the expected tax burden based on the highest paycheck you made, so if you worked 50% overtime (thus making 175% of your normal paycheck), it would be placing you in a way higher tax bracket for the rest of the year, and you’d have to reclaim it all in the refund when you did your taxes.
Yeah this is just the payroll processor intentionally fucking with people, not how taxes work.
The only scenario I can imagine that making sense in is if you are getting SSI or SSDI and the overtime you exceed the threshold to keep receiving benefits, but would not exceed the actual SSI benefit itself.
Or for SNAP or TANF or something.
… the only other scenario I can think of is your ex is commiting tax fraud.
… or they can’t understand middle school level math… =[
That last thing