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“The more money you make the more they take in taxes” would you take a $3.00 raise

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Skydove

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How Getting a Raise Affects Your Taxes

If you receive a raise at work, you will pay more in taxes than you did before your income bump. But taxes owed are just a percentage of the total amount that you earn.
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The biggest increase is from
$44,725-$44,726
That 1 dollar will be the difference between you getting taxed 22% or 12%

All other brackets are pretty modest.

$95,375-$95,376 is the best. You make 1 dollar more and you only seeing 2% difference
 
Did you read the article? I don't think it works like you think it does.

If you made 44,725 and get a one dollar raise, the 44,725 will still be taxed at 12%, the additional dollar will be taxed at 22%.
 
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doggface said:
Did you read the article? I don't think it works like you think it does.

If you made 44,725 and get a one dollar raise, the 44,725 will still be taxed at 12%, the additional dollar will be taxed at 22%.
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I hear you but if this was true when I work time and a half over time my gross pay should not be taxed more if I haven’t crossed the threshold into a higher tax bracket.
 
Yes, there are things you can do to reduce that income like putting more in your 401k or Roth IRA
 
Skydove said:
Yes indeed. This why I posted the article. If you make more within your tax bracket you good. But if you make more and it put you in a higher tax bracket then you may be fucked
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That's not how taxes work.

if you make $1 more over the $44,725 you will only pay higher tax on the $1
 

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