Discussion of the Good, Clean Funnies List
gcfl-discuss at gcfl.net
Tue Mar 2 20:12:54 CST 2010
Kaufman's Axiom is funny, but
The Salary Axiom was prepared by someone who can't do math.
There is no such thing as a pay raise which costs more, by moving you
into a higher tax bracket, than the amount of the raise.
The higher percentage applies only to the money OVER the lower limit for
the bracket, and it is always less than 100%.
10% of $10,000
15% of income over $10,000 but less than $50,000
25% of income over $50,00.
If you made $45,000 before and $55,000 after,
$1000 + $5250 = $6250 leaving you $38,750.
$1000 + $6000 + $1250 = $8250 leaving you $46, 750.
I can always use an extra $6000, even if Uncle Sam has already taken
I'm not sure I'm going to make $6000 this entire year.
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