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Almost but not quite - at high ends of salary the marginal tax rate is 38%, so $50k->$100k doesn't necessarily make you richer, it just makes Uncle Sam happier.


By my calculation it makes you 62 cents richer for every dollar you earn.


Exactly. Parent is exaggerating. Also, highest tax bracket is 37% (2018). Yeah, I'm arguing about 1%, but that's also for individuals making over 500k, or couples making over 600k.

50k to 100k income raise bumps you up 2% in tax rate from 22% to 24% (assuming individual).

If parent was talking about raise on top of what they have, then the worse affected rate of change would be the 24% rate ($82,501 to $157,500) to 32% rate ($157,501 to $200,000).

These numbers are similar, but less affected with MFJ.


Well, if your workload would be the same either way, you'd want to be in a world where there are more tax dollars than less :)


Not really - the same tax dollars buy less service and infrastructure when the workers and suppliers also need to function in high CoL areas. A $2.5bn mile of subway in New York isn't a priori better than a $600bn mile of subway in Seattle. A $59k entry level teacher in San Francisco isn't a priori better than a $33k entry level teacher in Wisconsin.


$600bn for a mile of subway in Seattle is absolutely nuts, I hoe that is a typo.


Million, sorry.


A mile of subway in New York serves more people. But I get the notion.




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