• KillingTimeItself@lemmy.dbzer0.com
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    1 day ago

    Shouldn’t it be physically possible to be taxed so much that your income lowers compared to what it was previously?

    Like you would have to have a 20% bump in pay, and an increase in taxes that’s like 25-50% or something insane. Of course if you cherry pick data, and pick a high ceiling, and then just barely pass a threshold you can probably make it appear, but that would be a pretty well defined statistical anomaly. And, not very much money.

    edit: and this is assuming that taxes literally just don’t work the way that they do, this is WITH broken tax logic.

    of course, the idea of a progressive income tax is that at a certain point, it becomes untenable to hold so much money. But unless taxes are literally 100% it’s hard to make the argument that you’re “losing” money.