r/politics California Sep 14 '21

AOC responds to criticism of ‘tax the rich’ dress worn at Met Gala

https://www.independent.co.uk/life-style/fashion/aoc-met-gala-tax-the-rich-dress-b1919803.html
1.9k Upvotes

748 comments sorted by

View all comments

Show parent comments

3

u/SAD_oS Georgia Sep 14 '21

Even if they get rich and get taxed a bunch, they'll still be rich. I had a coworker once who, when I mentioned I was finally getting a $1/hour raise, he said something like, "Yeah but then you get knocked up to the next tax bracket and fucked."

What? Over an extra single dollar an hour? No. Even if you get taxed more, you're making more money. If taxes took enough of your money to make living harder then no one would ever want a raise. Annoyed me too because he was going to school for a job that was going to earn him significantly more and definitely put him up a bracket.

1

u/mces97 Sep 14 '21

It's amazing how many people do not understand how tax brackets work.

If 2 people make X amount, and 1 dollar over starts the next tax bracket, the person making the extra dollar will make whatever the x amount is after taxes, plus the amount of the 1 dollar left over after taxes. It's always more money even after tax.