wasn't there talk a year or two back about adjusting the tax brackets to match wage inflation? not sure who it was...
I know a couple who declined pay increases for a long while (in favour of perks) because they would end up losing on the deal. But I think that was more so because they would lose family support payments.
I can't see how you could lose money from the payrise just because you hit a higher tax bracket - you only get taxed at the higher rate for income over the respective tax brackets threshold, everything below that threshold is taxed at the lower rate of the lower tax bracket
I know a couple who declined pay increases for a long while (in favour of perks) because they would end up losing on the deal. But I think that was more so because they would lose family support payments.
I can't see how you could lose money from the payrise just because you hit a higher tax bracket - you only get taxed at the higher rate for income over the respective tax brackets threshold, everything below that threshold is taxed at the lower rate of the lower tax bracket
This world would be a perfect place if it wasn't for the people.
Sharesies | Buy Crypto | Surfshark VPN | Cloud Backup
Sharesies | Buy Crypto | Surfshark VPN | Cloud Backup