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by travisjungroth
1500 days ago
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Progressive tax brackets make raises sublinear. If the bracket thresholds raise with inflation, it evens out. I don’t think they have. Round number example: $150k gross, $100k net and $100k of expenses. Expenses go up to $108k. If your top marginal tax rate is 50%, you need a $16k raise to match it. 10.6% raise (not 16% though). |
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