r/MurderedByWords • u/Nigel_Hunter • 1d ago

Sounds about right.

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61.8k Upvotes

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u/Donkey-Hodey 23h ago

No one ever went broke betting on the stupidity of the average American.

65

u/Huskies971 20h ago

There are Americans that think if they get a raise, they will make less due to taxes, because they don't understand how taxes work.

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u/Bruce0Willis 20h ago

Ah, I see you have met my co-workers.

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u/Summer_Moon2 19h ago

Yeah something about the word bracket scares them apparently. I have the exact same coworkers.

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u/BathroomCareful23 11h ago

I thought that when I was younger, right up to when I realized I'd have to triple my pay to even get close to the next bracket

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u/SearchElsewhereKarma 17h ago

I consider myself a pretty smart guy and I’m turning my brain into a pretzel how this would even work.

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u/Huskies971 17h ago

So to make it simple with made up numbers, say you're making $99,999 and the tax for that bracket is 20%, but you get a raise to $100,000 that bumps you into the next bracket and that bracket taxes at 30%. They now think that all of that money gets taxed at 30%. They don't understand the US income tax is progressive.

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u/Solesky1 17h ago

They heard "progressive taxes" and tuned out

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u/Witty-Key4240 15h ago

Progressive? Sounds like socialism, I won’t pay your commie taxes!

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u/Free_Gratis 21h ago

Except for when he ran his casinos.

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u/Techpriest_Null 21h ago

Oh, that was all Trump. Bad business deals, incompetent money laundering, failed to keep the whales happy, even had two close together and they ended up competing. He's a bloody nitwit.

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u/iwanttobelievey 20h ago

A lot of those bankruptcies were russian money laundering tricks

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u/EuenovAyabayya 14h ago

No one ever went broke betting on the stupidity of the average American.

That's because Trump kept declaring bankruptcy. Also his casinos catered to many foreign tourists.