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re: VW Chattanooga Workers Expand Mexican Economic Growth
Posted on 4/22/24 at 7:40 am to holmesbr
Posted on 4/22/24 at 7:40 am to holmesbr
quote:
What was the last autoworker strike settled on? Like netted the worker less than $100/WK gross which probably cost the worker money by barely moving them into the next higher tax bracket.
The fact this has so many upvotes makes me sad. There are no real phase outs at 100k gross, and tax brackets don't work like that.
1
Posted on 4/22/24 at 7:45 am to Jcorye1
quote:
The fact this has so many upvotes makes me sad. There are no real phase outs at 100k gross, and tax brackets don't work like that.
People are truly clueless. I hear blue collar tradesmen all the time saying they limit the amount of overtime they will work because they lose money due to taxes. Folks simply have no idea how progressive taxation works. They also can't tell you how much they paid in taxes. They will usually tell you how much of a refund they got though....which tells you all you need to know about their financial wisdom...loaning the IRS money over the course of the year without interest is an idiotic undertaking but almost all taxpayers do it....
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