- Aug 25, 2001
- 56,325
- 10,034
- 126
My friend was telling me, that with his raises at work, he can't do overtime any more, because he'll lose money, because that puts him in a higher tax bracket, and he'll have to pay more for SS tax.
Are there any cases in which this is true? I personally think that my friend is off his rocker, because he hasn't actually "run the numbers".
Anyone else on her on a high hourly job, and not taking overtime because they'll lose money?
I'm not talking about forced overtime while working a salaried job, that's something else. This specifically has to do with crossing tax brackets with an hourly wage job.
Are there any cases in which this is true? I personally think that my friend is off his rocker, because he hasn't actually "run the numbers".
Anyone else on her on a high hourly job, and not taking overtime because they'll lose money?
I'm not talking about forced overtime while working a salaried job, that's something else. This specifically has to do with crossing tax brackets with an hourly wage job.