RE: The Laundromat (film) : An eye-opening film about corruption that almost hits the mark
I made less money at the end of that than i did at my prior position where i made 70K
Exactly! There is a spot in there where you lose money by jumping into the next tax bracket. It's sort of in the 'upper middle class' area. You start to really lose a lot of money. The only way to break free is to manage to make your way to being a millionaire. And we know that's not always possible.
My wife did a rush project earlier this year where she made around $10k in one week (VERY unusual). This particular company pays her through a temp agency which automatically takes taxes out. They took more than 60% in taxes. All I know is, we better get some of that back at the end of the year. She worked a ridiculous number of hours to get the job done, and that is not a typical paycheck at all.
or how about the stories about how the winners of that Fortnite (night?) competition in NYC where the kid had half of the winnings immediately taken away. Taxes, good grief. Don't tell anyone but i pay almost no taxes other than sales tax over here. Of course I have a substantially lower salary but i wonder if it all kinda balances out in the end.