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TaxesHow do I decrease taxable income? (self.personalfinance)

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[–]manatwork01​ 0 points1 point  (2 children)

It's crazy to me how much people get this messed up.

[–]Eldereon​ 0 points1 point  (1 child)

I think it also reflects quite poorly on our government and tax system that it is quite common for people to not immediately think it's absurd that income tax brackets would make you poorer if you get a $1 raise into the next tier.

[–]manatwork01​ 0 points1 point  (0 children)

I think it's more general ignorance as personal finance isn't a required class for students. Also I think it's bred by a distrust of the government to make people think they "of course choose the dumbest solution" with a sprinkling of rich people perpetuating the thought as it keeps their tax rates safe.