Introduction: This is a tiktok video published by AdviceWithErin✨. The video has now received more than 57.9K likes, 843 comments and 543 shares. It is deeply loved by fans. The following is the specific data and similar videos. Address, you can complete the operation on this page by clicking play or bookmarking the video.
❌ Myth: if you’re on the cusp of the next tax bracket you shouldn’t accept a raise because you’ll be making less money. ✅ Fact: the US uses a progressive tax system, so you’ll never be making less when you’re making more. 🧍♂️You, your local 3rd grade teacher, and Oprah are all paying the same 10% on your first ~$10,000, the same 12% on your next ~$30,000, the same 22% on your next ~$50,000 and on and on. 🔝 So if you’re at the TOP of the 12% bracket, and you get a $5,000 raise that bumps you into the 22% bracket—you only have to pay 22% on that extra $5,000 (not your full income) 🤷🏼♀️ so, sure, your “tax bracket” might be 22% — but that doesn’t mean you’re paying 22% of your income to fed taxes. The actual percentage will be closer to 8-9% 🤗 You got this! 👏🏼 #work #life #career #careeradvice #careertiktok #careertok #raise #salary #salarytransparency #salarynegotiation #boss #coworker #money #personalfinance #college #intern #moneytips #tax #taxes #taxseason
Duration: 62 sPosted : Mon, 05 Feb 2024 23:52:36Views
1.4MDaily-
Likes
57.9KDaily-
Comments
843Daily-
Shares
543Daily-
ER
4.23%Daily-
Latest Videos
Similar Videos
Watch moreMore Videos
Watch more