A friend of mine recently declined a pay raise because he believes that the higher income would somehow result in him making less money due to taxes. I didn't get into too much details with him, but he mentioned this is a result of Earned Income Tax Credit. I know the US tax system is based on marginal rates and there's no way you can "earned less by making more", but is there ANY validity to his thinking? Is there any way you can loss money by earning more or vice-versa?
Submitted January 27, 2018 at 08:55AM by Sometimes_Stutters http://ift.tt/2DU5Q1O
