re: VW Chattanooga Workers Expand Mexican Economic Growth

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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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Anyone who decides to "make less" because of taxes falls into one of two catagories:

Im a liar and I'm trying to keep up with my University Graduate friends

I am not smart