Monday, September 5, 2011

Another reason Not to Read USA Today

Math tips for the rest of us | USA WEEKEND |
That raise actually might not be as good as it looks. The extra money is nice, but it could very well bump you into the next tax bracket, possibly leaving you with less money than you had before the raise. Better benefits, such as medical, can save you money while keeping you in the same tax bracket.

'via Blog this'

Or at least a reason not to rely on them for financial planning advice.

And in case it isn't clear ... Tax brackets are MARGINAL rates which means that you cannot make less money after a raise than before unless there are other things involved. Basic math is a wonderful thing.

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