this post was submitted on 20 Jun 2024
65 points (100.0% liked)

Funny

84 readers
75 users here now

Funniest content on all Lemmygrad

founded 1 year ago
MODERATORS
 
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 9 points 3 months ago* (last edited 3 months ago) (1 children)

What? That's not how taxes work at all.

[–] [email protected] -4 points 3 months ago (1 children)
[–] [email protected] 6 points 3 months ago (1 children)

No it is not. Your father got up to the next tax bracket, but the tax rate for every bracket only applies to the income earned within that bracket. Unless there is some very specific fuckery going on, or there is something up with means tested benefits, it is impossible for your taxes to increase faster than your income.