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by robocat
1064 days ago
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Another issue is that software developers are sometimes paid highly and are in top tax bracket. In New Zealand the top marginal tax rate is 39% (although I am guessing most software devs would be on 33% (Over $70,000 and up to $180,000) even at 33% it is not so motivating to be offered $1000 if $330 of that immediately disappears as taxes. Plus the hassle of recording amounts and declaring them - uggggh. In California that top marginal tax rate is 13.3% so not quite the same problem as some other countries. |
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I get how 1000 is better than 670, but on the flip side, that's 670 extra that you didn't have before, right
If it's about where the line falls, I guess you could only accept a minimum of $1492, so after the 33% cut you get $1000 :)
But yeah, as mentioned in my other sibling comments, I believe that the administrative burden itself might be enough of a barrier for lots of people to prefer skipping the problem altogether.