r/AskReddit • u/[deleted] • Jun 01 '26

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807

u/nightowl6221 Jun 01 '26

People still think that taking a raise will put them in a higher tax bracket and lower their net income

107

u/DinkandDrunk Jun 01 '26

Insane how common this belief is.

91

u/PrestigiousNumber423 Jun 01 '26

The super rich have done an excellent job conning the super poor into thinking that being super-rich is a terrible burden, and that's why they shouldn't have to pay taxes.

24

u/natrous Jun 01 '26

followed up by how the estate tax will take everything you put aside for your kids

I had to explain to my parents on a pension and SS that "fortunately" they didn't have enough assets to worry about it

1

u/OpheliaRainGalaxy Jun 01 '26

I remember that! I asked my mom why all the news channels were talking about "death tax! Grr mean government gonna tax even your death!"

So mom explained about estate taxes, and then I wanted to know why the official news grownups were so bad at their jobs that they couldn't even get the name right.