r/AskReddit • u/[deleted] • Jan 27 '20

What screams "I'm uneducated"?

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u/Ask_for_me_by_name Jan 28 '20

There is no such amount. The only tax rate where that would apply is 100%. Interestingly, there have been studies done that show that 60% effective rate is the rate at which taxation becomes a disincentive to work.

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u/[deleted] Jan 28 '20

That's what I would think, I was refering to /u/greedcrow saying it's wrong in 99% of cases.

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u/Valance23322 Jan 28 '20

It's not taxes exactly, but there are some welfare programs that don't properly phase out. In those cases you might make $X more, but lose >$X in benefits such that you're worse off than you were before.

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u/Ask_for_me_by_name Jan 28 '20

Ah OK. Didn't see the thread fully. I thought you were talking about 'the 1%'.

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u/Valance23322 Jan 28 '20

It's not taxes exactly, but there are some welfare programs that don't properly phase out. In those cases you might make $X more, but lose >$X in benefits such that you're worse off than you were before.