• angband@lemmy.world
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    4 hours ago

    this was pushed in the 80’s/90’s on conservative talk radio (iirc). strangely, it gets an ideological push from the phenomenon of income reduction resulting from lost welfare benefits as income increases. the brain correlates things irrationally.

  • MordercaSkurwysyn@lemm.ee
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    7 hours ago

    Where i live we have a system where if you take sick days, they are paid 80%. 20% reduction applies only to the days you were sick. Once I got sick at the end of a month and took the last 3 days of the month and first 2 days of the next one off and my mother in law freaked out I’m about to loose 20% of 2 month’s salaries. She was and is still convinced that 20% deduction applies to a whole month worth of salary even if you take one day off that month. She almost never takes sick days and she works in a hospital… She self medicates and works with patients even when she has a transmittable diseases. Best of luck to those who have serious health problems and then get a fucking flu on top of everything from hospital staff. She is 60+ and reading the law to her doesn’t change her mind. A couple years ago she had more serious health problems and took a week off for the first time in decades, even after getting a paycheck reduced only by 5% and not 20% her perception of this issue didn’t change. She misunderstood that system once 40 years ago and she is going to take that misunderstanding to ger grave. Real world has no influence on her beliefs.

    • fishy@lemmy.today
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      5 hours ago

      That’s the general conservative mindset. It’s why lies work so well on them, get them to believe the lie and they’ll never let it go.

  • rumba@lemmy.zip
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    14 hours ago

    This is absolutely an educational failing. We barely cover taxes in school. At best it’s said once in a class, gets covered in a minor question on a test and if we get it wrong, no one notices. “We” probably still got a B on the test without any CLUE how taxes work.

    Yet here we are, dismantling any nationwide effort to make education better.

    A LOT of people think 99,999 tax is 27,999 and 100,001 is 29,000, even on the democrat side. If those charts are accurate, it’s probably damn close to 50% of US citizens.

    • Pyr_Pressure@lemmy.ca
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      7 hours ago

      I seriously don’t understand why we don’t have a mandatory class that covers taxes, T4 slips, investing, labour laws, budgeting, reading nutritional information on foods, etc.

      • LifeInMultipleChoice@lemmy.dbzer0.com
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        2 hours ago

        It was all covered in my Florida education. For the most part it is just a very small amount of information that people tend to forget it. It also isn’t all taught in one class. (T4 slips are called W2 forms in the U.S. for those questioning). The investing thing is a broad generalization though. I assume because it may get considered an overlap of teaching kids to gamble. Everyone was required to take either micro or macro economics in high school though for us, both of which touched on stock market invement mostly just tied to the idea of a 401k (retirement accounts).

        Nutritional labels were covered in science classes multiple times, but we’re touched on in middle school science, and we were all required to take a home ec class for half a year in 7th grade which taught about it as well. Again in physics and chemistry classes.

        W2s were covered in our mandatory typing class as a form of data entry, because most people only take the data from boxes off the W2 and enter them into a tax program. Then the tax brackets were taught to us in middle and highschool.

        A lot of it to me is that we don’t pay attention in school and forget a lot over time. Nutritional and Tax bracket questions were on both the ACT and SAT. Which are national tests required to get into colleges.

      • rumba@lemmy.zip
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        3 hours ago

        The nutritional stuff is like 6th-grade science, about the time you should be burning peanuts with a Bunsen burner.

        I’ve seen a few schools that have an elective financials class, but I think they’re still trying to balance checkbooks.

        The problem is it’s just one class, and nobody takes classes seriously in high school. Most of them have forgotten the things that they used to know when they were 20, 30, or even 40 years past their education.

        It’s like we need some kind of driver’s ed test but for living

        edit: 6th grade, no fire in elementary school

        • ricecake@sh.itjust.works
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          2 hours ago

          I have never been invited to burn peanuts with a bunsen burner. Showing the relationship between chemical energy and thermal energy and the sometimes surprising differences between foods?

          I think we had too much separation between diet classes and physical science. I think I recall doing something like a puzzle, with physical pieces, where you tried to make a days food using different foods. The point was that it’s easier and you get more if you pick the healthier foods. Instead everyone knew what the point was and then fucked around making the dumbest possible meal that fit the defined criteria.
          I seem to recall the teacher not being amused with my solution that only has one food group per meal. (What’s for breakfast? 9 eggs. Lunch? 3 unseasoned grilled chicken breasts. Dinner? Six baked potatos, plain)

  • Ronno@feddit.nl
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    13 hours ago

    I’m just in awe about those 28% and 33% tax brackets. I’m in the 49,5% bracket here in The Netherlands. That being said, I’m fortunate to be in it.

  • joel_feila@lemmy.world
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    19 hours ago

    And this why democracy won’t work. How can people votw in their best interests when they don’t know how basic taxes work

    • bearboiblake@pawb.social
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      17 hours ago

      even if people were mega geniuses it wouldn’t matter, money talks, and it talks a lot louder than people

  • TheDoozer@lemmy.world
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    16 hours ago

    When you are talking large income to larger income, that makes total sense, but are there limits for access to things like child tax credits where if you go over you are no longer eligible, causing significant increase (I just looked, and it’s at $200k single of $400k jointly, so unless you have A LOT of children, I suppose there wouldn’t be a huge effect)? Similar to people on government assistance who go from getting full assistance to getting nothing at a certain income level?

    • ricecake@sh.itjust.works
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      1 hour ago

      The big one there is food and housing subsidies. The way way we have it set-up can create a situation where a raise can cost you benefits that are worth more than the raise. With disability benefits there can actually be limits on the amount of money you’re allowed to have in general, which means that disabled people can find themselves in places where not only do they need to avoid trying to find work that they might be able to do, since trying and failing can still make them need to restart the benefits application process or even pay back historical benefits, but they also need to reject gifts above a certain value and can’t prepare for any type of emergency, like a car breakdown.

      It’s annoying because it creates a disincentive to do the things that would help people on assistance actually get off of it, when the people who push for those limits purport to want them for exactly that reason.
      Tapering off benefits as income grows, but at a slower rate than the income growth creates a continuous incentive for a person on benefits to increase their earned income. (If you lose $500 in benefits for every $1000 in income, your $1000 raise still puts $500 extra in your pocket, instead of potentially costing you your entire $8000 food subsidy)

      Can’t do that though, because it doesn’t punish people for the audacity of needing help.

    • Apytele@sh.itjust.works
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      15 hours ago

      This is a big factor. A lot of people conflate less benefits with higher taxes because fear-brain just knows they both equal increased hardship in the end. They’re technically wrong but their statistically slightly more active amygdalas are responding to a genuine threat, just one that they’ve been very skillfully misdirected into helping worsen.

        • Apytele@sh.itjust.works
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          9 hours ago

          tbh the more I learn and experience that’s most of the human experience. I had a Minister when I was young that said there’s really only two human emotions, fear and love, and that without significant intervention fear pretty much always wins. I’ve been working in psychiatry for almost a decade now and there’s lots of finer points to be made about human psychology but in the end it pretty much all does just boil down to fear and love.

          He was an exceptionally good Minister, to the extent that for while I didn’t understand how common it was for people to be deeply betrayed by a church leader. It was not uncommon for people in the community to genuinely compare him to Fred Rogers (who was incidentally also a Presbyterian minister). Very similar background, temperament, points of advocacy, and even appearance and mannerism; if they hadn’t both been alive at the same time it almost might make me believe in reincarnation.

  • Carrot@lemmy.today
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    1 day ago

    This belief is held by many older folks due to propoganda, and it is passed down to their children when their parents teach them about taxes. Since almost all younger folks use automated tax services, if they aren’t doing the math themselves, the fact that this isn’t true isn’t going to be discovered. I was taught the incorrect way when I was a kid, but noticed that it was wrong the first time I had to do my own taxes. But when I told my parents the way it actually worked, they didn’t believe me until I showed them the .gov site that breaks it down. I grew up in a small, blue collar town, and every single person I talked to about taxes parroted the same incorrect system.

  • w3dd1e@lemm.ee
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    1 day ago

    This is the problem. My partner doesn’t want to work OT because he thinks it will cost him more in taxes. I explain why that’s not exactly true, but I can tell he’s not interested. Financial Literacy in the US is abysmal.

    • SkunkWorkz@lemmy.world
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      9 hours ago

      it’s just not the US. I live in the Netherland and many people here think OT and bonuses are taxed differently, because they see a higher tax rate applied to it on their slip. They forget that their base salary covers multiple brackets and a tax credit. Thus has a lower average tax rate than their OT and bonuses which falls in their top bracket or even a bracket above.

    • sloppychops@lemmy.ca
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      1 day ago

      This is not a US specific issue, tbh. I’ve heard this weird belief repeated by all sorts of people.

      • bountygiver [any]@lemmy.ml
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        18 hours ago

        it is a misinformation many people in power wants to keep because it lets republicans sell their policies to not tax the rich and bosses to not raise their employee’s salaries.

      • w3dd1e@lemm.ee
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        22 hours ago

        You’re absolutely right. I cant speak for anyone else, as I don’t live there but I highly doubt the US is an exception.

        Rather than being mad at each other, I want to make sure we hold the right people accountable! Governments, corporations, billionaires etc.

        It’s a form of oppression.

      • dan@upvote.au
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        19 hours ago

        I’ve heard it in Australia too, which has the same tax bracket system as the USA. I think the fact that this stuff isn’t taught in school is a major issue.

      • w3dd1e@lemm.ee
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        22 hours ago

        Nah. He’s not an idiot. But he is impatient. He doesn’t handle paperwork or anything involving patience well. (ADHD)

        I also think taxes in the US are intentionally over complicated and confusing. I don’t struggle with things like that but I can empathize with people who do.

        • GaMEChld@lemmy.world
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          6 hours ago

          I too have ADHD and am impatient (combined type, severe). Impatience is not an excuse for financial illiteracy. And a graduated income tax is not complicated. Deductions, credits, exceptions, etc are where it gets complicated. But if he thinks he’s losing money by making more money, then he’s stupid.

          Reading your other responses, you’re right. Not knowing something doesn’t make someone stupid. Refusing to learn something when you find out you don’t know it, that’s what makes someone stupid. Willful ignorance is stupid.

          At the very least, he should just admit he knows nothing about it and just take your word for it. Deferring to others expertise in areas you are weak is smart.

        • InternetCitizen2@lemmy.world
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          22 hours ago

          Strictly speaking the taxes in the US are not that complicated, but the credits, deductions and what not are. Still Tomato Tomato.

        • KillingTimeItself@lemmy.dbzer0.com
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          20 hours ago

          have you considered asking him why he even thinks that in the first place? You’ve literally put him into a spot where he’s too stupid to even care about whether or not that response is logical or makes sense.

          If he just doesn’t want to work overtime that’s fine, a lot of people don’t, why would he justify it with stupid tax logic that he evidently must know is stupid? Seems like cope to me.

          You cannot simultaneously “be smart” and then “be stupid” you are either stupid about something, or not. It’s one of the two. I’m sure he’s a pretty generally smart guy, most people are, but either it’s an excuse he uses because he doesnt want to work overtime, or he’s literally uneducated (and therefore stupid) about taxes, and chooses not to be educated about it, even though it would be financially beneficial to him, because that’s literally how money works. (which would also make him pretty objectively stupid in that case) again, he may not care at all, but then why wouldn’t he just be upfront about not caring?

          • w3dd1e@lemm.ee
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            14 hours ago

            I would disagree with your premise but it’s not your fault. It’s my fault for not explaining it clearly

            I don’t think not knowing something makes you stupid. Humans can’t know everything. We all have strengths and weaknesses. I know about taxes, but I don’t know shit about cooking. He cooks dinner, I deal with the bureaucracy situations.

            Also, I’m don’t know if you’ve ever spent time with someone who struggles with ADHD and Neurodivergence but their brains don’t work like others. They can’t force themselves to do things that other people can tough out. They can study all night but if their brain can’t stay on track, they won’t be able to retain it.

            When I come along and start telling him how tax brackets work, especially if he didn’t ask me, hes going to be frustrated and he’s not going to get through it easily.

            I don’t know if he just doesn’t want to work OT and has settled on this excuse or if there is some other issue but it doesn’t matter. If he doesn’t want to work OT, that’s okay!

            • KillingTimeItself@lemmy.dbzer0.com
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              1 hour ago

              I would disagree with your premise but it’s not your fault. It’s my fault for not explaining it clearly

              TBF, i was being a little unreasonably harsh, but i was trying to make a point off of minimal descriptive language so i don’t really have much flexibility there.

              I don’t think not knowing something makes you stupid. Humans can’t know everything. We all have strengths and weaknesses. I know about taxes, but I don’t know shit about cooking. He cooks dinner, I deal with the bureaucracy situations.

              Personally i think being stupid isn’t necessarily a bad thing, it’s just a lack of education, but i think what really matters is whether or not you weaponize it, if you don’t know anything about that topic, you would be relatively stupid in that space, however if you acknowledge that you know nothing and have no practical knowledge basis, that’s fine. It’s when you know nothing, know that you know nothing, and still engage with it even though you know you have a limited basis to act upon, that it’s a problem.

              Also, I’m don’t know if you’ve ever spent time with someone who struggles with ADHD and Neurodivergence but their brains don’t work like others. They can’t force themselves to do things that other people can tough out. They can study all night but if their brain can’t stay on track, they won’t be able to retain it.

              believe me, i understand it, i’m very ADHD coded, but that usually means i just never get around to doing the things that i need to do (which is relevant here) i don’t normally make up weird tangentially relevant reasoning to cope about why i don’t do those things though. Personally i find very directed note taking helps a lot with retaining, and it acts as a cheatsheet for when you do inevitably forget about it later on. Though it still requires researching it in the first place.

              When I come along and start telling him how tax brackets work, especially if he didn’t ask me, hes going to be frustrated and he’s not going to get through it easily.

              there could be a few reasons for this, ignoring external influences, like being pre-occupied, you’re either going to have a problem with explaining it, and you need to alter the explanation so it’s easier to comprehend, or you’re going to have a problem comprehending it, but tax brackets are pretty conceptually simple from my understanding. It should take like 2 minutes to explain the concept of tax brackets to someone, obviously filling them in on all of the details takes longer, but it’s the relevant part here.

              If you aren’t capable of digesting that level of explanation, i’d be concerned about either your level of intelligence, or your ability to care about things. If you aren’t capable of caring about something as important as finance, and relatively simple as tax brackets, i’m not really sure what you’d be capable of even conceptualizing in the first place. In my mind, that’s either weaponized incompetence, or you have a significant learning disability/developmental disability, as an adult. Which is something that should probably be addressed, obviously i’m not at liberty to talk about any specific person here, but i would personally be pretty concerned by that. Even as someone who struggles with this kind of stuff.

              I don’t know if he just doesn’t want to work OT and has settled on this excuse or if there is some other issue but it doesn’t matter. If he doesn’t want to work OT, that’s okay!

              Yeah, again not wanting to work OT is perfectly fine, but if that’s the reason i’d be confused as to why he’s using an irrelevant topic to excuse that, instead of just being upfront about it, seems weird to me on face value. The other option is that he seriously believes what he’s saying, even with you correcting him, which means he doesn’t trust you, even though you would be the one filing the taxes, which is also incredibly weird. Even if you try explaining it to him, it doesn’t seem to matter, so i’m not really sure what the deal is here, but it’s weird. Like you see what i mean here right? This doesn’t really check out logically in any significant capacity. Granted, it’s possible you’ve left out relevant details that would impact that, but i’m just basing this off of what i’m reading so there’s that for take it with a grain of salt.

              Regardless of this specific event, it’s probably going to influence future recurring behaviors, so it’s something to think about. Generally it’s rare that people latch onto a specific mechanism of behavior for one, and only that one thing, it usually applies to other things as well.

      • alkbch@lemmy.ml
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        1 day ago

        There’s not enough information provided to reach this conclusion.

          • alkbch@lemmy.ml
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            1 day ago

            No, there is not. There are many tax credits one is no longer eligible for after a certain threshold. There are various programs one is no longer eligible for after a certain threshold.

            • jj4211@lemmy.world
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              24 hours ago

              Most of the likely credits tend to phase out gracefully. So it’s true that we can’t be certain, based on my experience of when people are afraid of making too much money, it’s almost always because they think a higher tax bracket applies flatly across their income not due to nuanced understanding of tax credit and welfare benefits.

              • w3dd1e@lemm.ee
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                22 hours ago

                This is true for many people I’ve talked to, but he does understand, on a basic level, how the brackets work. When it comes to the calculation parts, I think he gets frustrated with all the rules.

                But it’s okay! I’m good at stuff like that and he can build pretty much anything. We all have our strengths. :)

                • brbposting@sh.itjust.works
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                  14 hours ago

                  Hellllll yeahhhh!!!

                  Yooo is he visual?

                  Awww I thought for sure we were gonna have the perfect diagram thing…

                  Bah. So maybe there’s some YouTube video where they’re like “Bob made $50,000 last year. This year he took some extra construction shifts and made $75,000. …”

                  I don’t care about the partner’s weaknesses I demand clever solutions :p hehe glad everything is good!! 💙


                  Edit with silly riff that’s probably inaccurate:

                  I’m kiddddding this was just the evil thought when I first read it :p

    • arrow74@lemm.ee
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      1 day ago

      Oddly enough it kinda does. OT can make you pay out more taxes on that one check since withholdings are calculated by check. Basically the government/payroll system thinks you’re going to be making that every week so more taxes will be taken out.

      In reality this only effects the size of your tax bill or return at the end of the year.

      • shalafi@lemmy.world
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        1 day ago

        That’s what people see and exactly why they think they got kicked up a whole tax bracket.

        • jj4211@lemmy.world
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          24 hours ago

          The whole notion of “kicked up a tax bracket” is also a misleading thing. Only a piece of your income goes into the “new bracket”, all pay under the new bracket is taxed as they would have been used to.

      • w3dd1e@lemm.ee
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        22 hours ago

        Exactly, and it also depends on what withholding you have requested.

    • sfu@lemm.ee
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      14 hours ago

      I’ve had jobs (more than one), where working OT would result in my paycheck take home pay being less than if I had not worked the extra hours. And that’s because it moved me into the next bracket, and more taxes were taken out. So why waste my time working OT?

      • Dnb@lemmy.dbzer0.com
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        8 hours ago

        That’s not how is works though.

        I’d you made say 1500 normally and 2000 with ot your take home could be 1200 and 1400. Paying more taxes overall on the ot but still taking home more.

        There is no way you’d take home less money because taxes are paid on the first $1500 @ $300 and say the next $500 @ $300 too at a higher bracket. Overall your pay is still higher though even though your taxes “doubled”.

        • sfu@lemm.ee
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          7 hours ago

          Well, it has happened more than once. Of course it would depend on the amount of overtime I worked. It probably happened if I only worked a little OT.

          • Dnb@lemmy.dbzer0.com
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            7 hours ago

            That’s not how it works though. Unless you didn’t work regular hours during that same time period so worked less overall OT is taxed higher upfront so you don’t end up owing (more), but would never decrease your pay

            • sfu@lemm.ee
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              6 hours ago

              But it did, more than once. Its been years since it happened though. I cant remember the amount of OT I worked that caused it.

        • spacesatan@leminal.space
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          13 hours ago

          Or the person calculating their withholding was. But if you’re paycheck to paycheck then that paycheck amount is all that really matters. Cool, I get a bigger refund eventually, but I’m now choosing between eating, walking 2 hours to work to save gas, or letting a bill go unpaid.

      • YarHarSuperstar@lemmy.world
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        16 hours ago

        Nah. There’s good people here and even the people who voted for this deserve to have their needs met, many of then are only personally responsible for a tiny fraction of the immense harm caused by the systems of power. And they may not have caused any harm if they lived in a place where people are always taken care of as well as is reasonably possible. there is immense pressure to shed empathy and embrace individualism and forego the many benefits of community such as efficient and effective collaboration, for example to prevent a disease from spreading or at least reducing the harm it causes. As many of us can see, especially obviously in the US, the goal and function of the system isn’t actually to stop causing harm in the first place, or even reduce the harm that must be caused for your society to function, the cruelty is often very much the point. Non-absolutely essential needs are less and less profitable to meet the less common it is to have the need, and the amount of wealth that can be extracted from the people with whatever need is the only thing that really determines what gets things done, and subjugation and not giving folks a chance to think critically and question their circumstances by completely overwhelming them with horrible information (including dis- or misinformation) about the world and making them think they’re threatened by whoever is opposing efforts to make line go up. Most folks don’t stand a chance without direct intervention and time spent with someone directly affected by the system in an obvious way, including possibly the person themselves.

        At the very least I owe it to my family to stay and be as helpful as possible to the people who have supported me and hopefully others who don’t deserve what’s coming if a major effort of community organization doesn’t happen

      • underwire212@lemm.ee
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        22 hours ago

        We all have our weaknesses and faults. No need to dismiss every relationship due to imperfections.

      • w3dd1e@lemm.ee
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        22 hours ago

        Nah. He’s not a bad person or a dummy. He just gets frustrated by bureaucracy and doesn’t have the patience I have.

        • recall519@lemm.ee
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          18 hours ago

          It’s not the fear of bureaucracy that is concerning, it’s the lack of interest to listen to your sound advice on a relatively simple topic.

          • w3dd1e@lemm.ee
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            14 hours ago

            That’s fair. I appreciate your concern for me!

            He’s not always like that. I didn’t mean to make him sound like a jerk. I just meant to relate to the topic of tax confusion with personal experience.

            He had pretty severe ADHD and struggles with some topics. It’s okay! I deal with the money stuff and he cooks dinner. :)

  • dream_weasel@sh.itjust.works
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    1 day ago

    How dumb do you have to be? By the time you make that much money you should, in theory, know the answer definitively or have a guy.

    • rumba@lemmy.zip
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      14 hours ago

      Almost everyone has a guy or uses some software. Those two things don’t help them understand and this misconception of how taxes work is but a small sample of how people form political decisions without any viable understanding of the situation they’re in or the repercussions of their actions.

      Nobody’s just making out a check for 30% and mailing it off to the IRS.

  • ColeSloth@discuss.tchncs.de
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    1 day ago

    It boggles my mind how many people who have had to pay taxes for decades even, don’t understand how tax brackets work.

    The only time you’ll get screwed on making more is if you were getting some sort of socialized assistance and you make a dollar over the cut off for aid.

  • AA5B@lemmy.world
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    18 hours ago

    Thanks, Lemmy, now I’m “that Dad”. After reading this, I went to dinner with my two teens and one of their girlfriends, so of course I had to bring this up. All three have started working after school and will need to file their taxes this year so they need to know.

    But holy crap is that a seriously uncool conversation

  • billwashere@lemmy.world
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    20 hours ago

    Tell me you don’t know how income taxes work without telling me you don’t know how income taxes work.

    My question is who does their taxes then?

    • dan@upvote.au
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      19 hours ago

      A lot of people don’t know anything about taxes and have their tax return done by an accountant, even if their situation is extremely simple (works one job, no taxable investments or capital gains, no investment properties, no foreign taxes paid).

      • prayer@sh.itjust.works
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        19 hours ago

        Even if they did go through the trouble to do their own taxes, the IRS specifically instructs taxpayers to not calculate it themselves, but rather to use a “tax table” to lookup their income and next to it is listed their income tax amount.

  • Treczoks@lemmy.world
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    1 day ago

    For someone outside the American tax system, can anyone put the difference in approximate numbers?

    • jj4211@lemmy.world
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      24 hours ago

      This all boils down to a common misconception about ‘tax brackets’.

      To simplify, pretend there’s a 28% tax bracket up to 100,000 dollars, and a 33% tax bracket when you hit 100k. The first 100k is always taxed at 28%, no matter what you make, and it’s only the incremental amount that gets taxed heavier. So here in this example, that would mean tax burden would be 28,000.33 instead of 28,000.28. These are not the exact brackets or percentages, but it’s at least showing the right magnitude of increase versus total amount.

      However, many people are “afraid” of bumping a higher tax bracket. They think the tax bill would go from 28,000.28 to 33,000.33. That the tax bracket bumps up all your liability. I remember growing up people saying “I have to watch out and not hit the bigger tax bracket, if I’m close then I need a big raise to make it worth it, or else the raise is going to cost me more than it would make me”. This a big driver of antipathy toward democrat tax policies, a belief that mild success will punish them, despite it only increasing on the incremental amount.

      • Lyrl@lemm.ee
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        19 hours ago

        A lot of US benefits have “benefit cliffs” where making $1 more substantially reduces or even completely disqualifies a person from programs like SNAP (food stamps) or childcare subsidies or Medicaid. https://www.ncsl.org/human-services/introduction-to-benefits-cliffs-and-public-assistance-programs

        It’s not surprising people whose families are directly affected by, or who know people affected by, benefit cliffs think the lawmakers set up taxes the same way.

        • jj4211@lemmy.world
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          19 hours ago

          True, though if we are talking about tax bracket going over 30 percent, that would be at nearly 200k, so well above those thresholds too. Of course the numbers aren’t 28 and 33, but that is the closest threshold to the example.

      • doingthestuff@lemy.lol
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        3 hours ago

        We took a huge hit in our cost of living when we fell off the benefit cliff. I know it’s lost credits rather than more taxes but it doesn’t really matter when you make more and struggle at least as much as before.

      • LifeInMultipleChoice@lemmy.world
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        23 hours ago

        To be more specific the first 100,000 isn’t taxed at 28%. The 44 to 100k range would be, but below that will be taxed at lower percentages. The first ~10k you make is taxed at 10%, and then it increases throughout.

        • jj4211@lemmy.world
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          23 hours ago

          If getting specific, there’s no 28 percent or 33 percent bracket, so these are all examples rather than real figures. I did make a comment using real numbers, same general magnitude but just more specific about the brackets.

        • dan@upvote.au
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          19 hours ago

          The first ~10k you make is taxed at 10%

          In the USA, technically the first $15,000 (if single) or $30,000 (if married and filing jointly) at least is taxed at 0% due to the standard deduction. If you earn less than that, you can tell your employer that you don’t want any tax to be withheld.

      • Treczoks@lemmy.world
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        21 hours ago

        OK, so it is similar to our system. And would probably in the range of cents or a few dollars then.

    • CluelessLemmyng@lemmy.sdf.org
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      1 day ago

      That one dollar in the 33% bracket has .33 in taxes instead of .28. So their obligation goes up .05 per every dollar in the 33% tax bracket.