I know an accountant who was complaining about this and didn't understand how marginal tax rates work. Bro if you don't understand something this simple you have absolutely nothing to worry about, you're definitely not a good enough accountant to make that much.
My dad is a doctor and has been making over 100k a year (by my best reckoning) since before I was born, so he already falls into at least a few tax brackets and has been paying taxes in said brackets for over 30 years.
I just told him last week that he only pays higher taxes on the money he makes over each bracket and he was like “Really? Are you sure?”
To be clear, he isn’t an idiot, a conservative, or an asshole. But it just goes to show how widespread certain beliefs are. Pretty astounding.
Elephant-Patronus on April 21st, 2021 at 14:23 UTC »
I've had to explain to almost all of my coworkers how tax brackets work.
They were all outraged when they got -a- -raise-.
Edit.a small part of me suspects there is some kind of conspiracy where that idea was planted to make people not want raises.
TennesseeTon on April 21st, 2021 at 15:56 UTC »
I know an accountant who was complaining about this and didn't understand how marginal tax rates work. Bro if you don't understand something this simple you have absolutely nothing to worry about, you're definitely not a good enough accountant to make that much.
justmerriwether on April 21st, 2021 at 18:16 UTC »
My dad is a doctor and has been making over 100k a year (by my best reckoning) since before I was born, so he already falls into at least a few tax brackets and has been paying taxes in said brackets for over 30 years.
I just told him last week that he only pays higher taxes on the money he makes over each bracket and he was like “Really? Are you sure?”
To be clear, he isn’t an idiot, a conservative, or an asshole. But it just goes to show how widespread certain beliefs are. Pretty astounding.