❌ Myth: if you’re on the cusp of the next tax bracket you shouldn’t accept a raise because you’ll be making less money. ✅ Fact: the US uses a progressive tax system, so you’ll never be making less when you’re making more. 🧍♂️You, your local 3rd grade teacher, and Oprah are all paying the same 10% on your first ~$10,000, the same 12% on your next ~$30,000, the same 22% on your next ~$50,000 and on and on. 🔝 So if you’re at the TOP of the 12% bracket, and you get a $5,000 raise that bumps you into the 22% bracket—you only have to pay 22% on that extra $5,000 (not your full income) 🤷🏼♀️ so, sure, your “tax bracket” might be 22% — but that doesn’t mean you’re paying 22% of your income to fed taxes. The actual percentage will be closer to 8-9% 🤗 You got this! 👏🏼 #work #life #career #careeradvice #careertiktok #careertok #raise #salary #salarytransparency #salarynegotiation #boss #coworker #money #personalfinance #college #intern #moneytips #tax #taxes #taxseason