Comment on Is 33 cents a small amount of money?
alkbch@lemmy.ml 11 hours agoNo, there is not. There are many tax credits one is no longer eligible for after a certain threshold. There are various programs one is no longer eligible for after a certain threshold.
jj4211@lemmy.world 7 hours ago
Most of the likely credits tend to phase out gracefully. So it’s true that we can’t be certain, based on my experience of when people are afraid of making too much money, it’s almost always because they think a higher tax bracket applies flatly across their income not due to nuanced understanding of tax credit and welfare benefits.
w3dd1e@lemm.ee 6 hours ago
This is true for many people I’ve talked to, but he does understand, on a basic level, how the brackets work. When it comes to the calculation parts, I think he gets frustrated with all the rules.
But it’s okay! I’m good at stuff like that and he can build pretty much anything. We all have our strengths. :)