Re:The more salary you make, the more money you lose.
by brk on Saturday October 18, 2008 @10:57AM
(#336465)
WTF? Taxes are done in brackets there is no practical case where earning more income nets you less, the higher taxes would only be on the incremental income.
And here is another news flash, you can SAVE/INVEST some of that higher salary, you don't have to actually spend it all. Doing this makes you less tied to your job, because if you manage your money well, you can have savings to carry you through a jobless time, and no debt because you pay your bills in full each month.
Every once in a while you read articles like this and just wish you could revoke someones blogging license.
And here is another news flash, you can SAVE/INVEST some of that higher salary, you don't have to actually spend it all. Doing this makes you less tied to your job, because if you manage your money well, you can have savings to carry you through a jobless time, and no debt because you pay your bills in full each month.
Every once in a while you read articles like this and just wish you could revoke someones blogging license.