Re:Finland will hand out cash to 2000 jobless people to test...
by rascul on Tuesday December 20, 2016 @06:16PM
(#13225277)
In the higher tax bracket, he didn't work enough overtime to offset the increased taxes and ended up with a smaller check than if he worked less. At least that's what he claimed.
Re:Finland will hand out cash to 2000 jobless people to test...
by adwn on Thursday December 22, 2016 @01:00AM
(#13235217)
This is not possible with a progressive tax system. It is likely that he misunderstood tax brackets, average tax rate, and marginal tax rate.
Re:Finland will hand out cash to 2000 jobless people to test...
by flukus on Thursday December 22, 2016 @01:04AM
(#13235237)
Not with taxes alone, but welfare cliffs can kick in:
http://www.learnliberty.org/blog/the-welfare-cliff-and-why-m...
By "not worth it", I suppose you mean that he valued the marginal increase in income less than the marginal decrease in free time – which is entirely subjective and different from person to person? I don't see your point.