Discussion (14)

  1. rekleiner

    …that pretty much sums it up!

  2. Wild at Heart

    During my first job in an architectural office way back in 1977 I got a raise that threw me into the next tax bracket – the result being that I was bringing home LESS money every pay period.

    • Random Architect

      That happened to me this year. I was stunned to see how much I owed, and after doing the math I’ve now set my withholdings such that my net paychecks are less than they were before the raise.

    • Jerry

      Tell me another ~
      (FOXNews Lies)

    • Random Architect

      Praytell Jerry, tell me what you know about my paychecks, my withholdings, and my tax rate. Tell me how I didn’t just send the government over $6k in taxes because my raise bumped me into a higher tax bracket. Please…

  3. E Architect

    Same thing happened to me when I got registered years ago – the jump in pay pushed me into the next bracket and I actually brought home LESS!

    • Jerry

      No; this is actually not believable.
      That lying morons are running around designing buildings, for Pete’s sake.
      It’s mathematically impossible for your after-tax income to go down when your gross goes up.

    • SebastianT

      The only way this is possible is if you got a 500 dollar raise and the accountant fixed their mistake on your tax deductions. That’s not how taxes actually work.

  4. sstev

    Just a word of advise, put more money into an Ira to bump you back down.

  5. Bouche29

    Unfortunately that is not how taxes work. Glad you went into architecture and not engineering. When you move into a new tax bracket only the money in the new tax bracket gets taxed at a higher rate. The original tax rAte does not change for the first chuck of money.

    • Jerry

      He, he- “not engineering” ~

    • Random Architect

      What if you do a modest amount of side work too, the taxes of which are not accounted for until you actually submit your taxes, and your corporate raise bumps you over the bracket? Now all your side work is taxed at the higher rate. Amazing how that works!

  6. SebastianT

    Thought I would leave this right here…
    For example, if you’re making $7,000 you’re taxed at 10%. If you’re making $10,000 you’re not taxed 15%, you’re taxed a combined 11%.

    The more you know.

    10%: from $0 to $7,550
    15%: from $7,551 to $30,650
    25%: from $30,651 to $74,200
    28%: from $74,201 to $154,800
    33%: from $154,801 to $336,550
    35%: $336,551 and above

  7. Random Architect

    I’ll make it short and sweet for everyone. You pay what the IRS tells you to. Even if you think they’re wrong, even if they make mistakes, even if you do the math and it doesn’t add up. You pay them what they tell you to. If you don’t, well… you can guess what they do next.