Sep 20, 2017

Question: Should You Take that Pay Raise If It Bumps You To Higher Tax Bracket?

Answer: Yes.

Apparently this is one of the biggest misconceptions that folks have about our tax system. Marketplace.org takes it from here (3:38 audio):

--------

Looking for more NGPF Tax Resources? Go To Tax Page to see tax resources including lessons, activities and questions of the day. 

About the Author

Tim Ranzetta

Tim's saving habits started at seven when a neighbor with a broken hip gave him a dog walking job. Her recovery, which took almost a year, resulted in Tim getting to know the bank tellers quite well (and accumulating a savings account balance of over $300!). His recent entrepreneurial adventures have included driving a shredding truck, analyzing executive compensation packages for Fortune 500 companies and helping families make better college financing decisions. After volunteering in 2010 to create and teach a personal finance program at Eastside College Prep in East Palo Alto, Tim saw firsthand the impact of an engaging and activity-based curriculum, which inspired him to start a new non-profit, Next Gen Personal Finance.

Mail Icon

Subscribe to the blog

Get Question of the Day, FinCap Friday, and the latest updates from NGPF in your inbox by subscribing today: