Quote:
Originally Posted by MoneyGuy
When I was a financial planner I had to deal with this many, many times, while explaining progressive tax rates.
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Quote:
Originally Posted by bizaro86
I had a job once where I got extra overtime because a number of the other employees were convinced it would push them into the next tax bracket and actually cost them money. I tried to convince them that wasn't how progressive tax brackets worked but failed.
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I dont even know what to say. I've been doing Taxes for 20 years and I've worked some pretty crappy jobs in my life to pay for the education to do it and I am still staggered when I hear this.
"Overtime actually costs me money!!"
"If I make a dollar over my tax bracket all of my income is taxed at the higher rate!"
No....just...none of that is true. Those are not how these things work!
I feel like I've gradually slid into the sweet, sweet release of insanity having to explain these same things over, and over and over, and over....
The Geezer Coffee/Breakfast meets should be goddamned illegal. The Accountants and the Finance Advisors should team up all 'World Police' style and put a goddamned stop to this ridiculousness.
"Did you know that Income Tax is unconstitutional after the first World Waaaaaar....ohhhh GOD......why are you tazing me?"
Because thats BS! This is Canada! We dont have a Constitution and Income Tax is absolutely legal and mandatory, your pension is taxable and your BS is wrong! And you should feel bad for being so wrong! You know what makes people feel bad? Nothing like 10,000 volts!
"Hit him again!"