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Old October 11th, 2011, 01:12 PM   #123
I'm not old, honest...
whiterhino's Avatar
Join Date: 03-07-06
Location: Davisburg MI
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You are right, the numbers I quoted don't show the example I intended. They were wrong. However, the point, albiet small does exist. Using basically the same numbers and plugging them into the calculator give this.

A person making $34,499 pays $4,750 in taxes. If his income goes up $2 to $35,501, he now pays $4,875 or an increase of $125. Therefore, his $2 increase cost him $123 loss. Using my example of $36,000, he would pay $5,125, so his $1,501 bonus would net him an additional $1,126. My bad.

Now to the point, you are correct, it would be very rare and the numbers would have to fall perfectly for him to actually lose money by making more.

Bruce +1
Jim 0
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