Reminds me of the UK. Apparently the tax brackets there disincentivize people to make between 99k and ~140k where you pay more in taxes. Its archaic and stupid.
I used to work for a company that offered bonus work paid by the job (as opposed to hourly) to the employees who showed up and worked every day. One guy I know used to turn them down (and they'd usually pay out 2-3x the rate of a normal day for half the time) because his paycheck would be smaller with the increased income.
Ultimately, it would even out at the end of the year but, in the meantime, the payroll deductions jumped so high that it made it hard for him to pay bills.
Reminds me of the UK. Apparently the tax brackets there disincentivize people to make between 99k and ~140k where you pay more in taxes. Its archaic and stupid.
I used to work for a company that offered bonus work paid by the job (as opposed to hourly) to the employees who showed up and worked every day. One guy I know used to turn them down (and they'd usually pay out 2-3x the rate of a normal day for half the time) because his paycheck would be smaller with the increased income.
Ultimately, it would even out at the end of the year but, in the meantime, the payroll deductions jumped so high that it made it hard for him to pay bills.