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I still remember a HS teacher insisting that because she got a raise she took less money home. A friend of mine was the son of a CPA and all but called her a liar in the middle of class.



I was one of those people who didn't understand it enough to think that an increase once you got to a new bracket applied to all your income. In that situation, it's logical to be careful not to move to the next tax bracket accidentally. It wasn't until later that I understood that the bracket applies only to the amount of your income that is above the bracket amount. I think it's a common assumption to make if you don't research it more carefully.


This myth is probably fed by employers who don't want to give raises as well.

"Well if I give you a raise, you won't get more money! Get back to work!"


Sadly, this is a conversation I've had several times.


In my case it was true, because I became ineligible for overtime.




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