I think this is mostly a US thing. Why use yearly salary? You’re not paid once a year, are you? Most likely once a month. Referencing monthly salary makes much more sense.

“I’m making 50k”. Great, now I have to guess - dollars? Monthly? Yearly? If yearly then what’s the monthly paycheck? Net? Gross?

  • pixxelkick@lemmy.world
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    1 year ago

    Naw dude… I know how tax brackets work.

    Most folks who know how taxes work refer to their “tax bracket” inclusively with respect to both the point they are at as well as inclusive with all below

    Because its impossible to be at the third tax bracket without logically also being in the first and second implicitly, it is redundant to include that.

    Sorry mate but you are just coming across as pedantic here, or uninformed. Its quite normal to, colloquially, refer to the topmost bracket you are encroached into as “your tax bracket” singular, with everyone in the room understanding that is inclusive with all those below it.

    I wont deny that there are a lot of people that think that going up a tax bracket means all their income is taxed at the new rate, which is always hilarious that people still think that in 2023.

    But no, I assure you, I know how progressive tax brackets work lol.

    • Zippy@lemmy.world
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      1 year ago

      In future we all expect you to list the average tax rate you are in and which two tax brackets that it lies between by calculating all the taxes paid and dividing by your gross wages then looking up the tax code to verify it has not changed. Please provide sources every time on your tax code.

    • CmdrShepard@lemmy.one
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      1 year ago

      You’re just repeating the same thing you said in the last comment and ignoring everything I wrote. Nowhere did I say that you need to list every bracket. I said people don’t talk about “their tax bracket” because that isn’t a thing and that isn’t their tax bracket. It’s just a percentage that some potentially miniscule amount of tax that may apply to a further potentially tiny fraction of income and in no way represents how much they’re paying in taxes.