20 Myths People Still Believe

17.

MYTH: A higher tax rate means your entire income is taxed at that rate.

Unleashtheducks

“Oh boy, this is a big one. I hear people all the time that say, ‘I don’t want a raise ‘cause it’ll put me in a higher tax bracket, and I’ll make less money than I do now because they’ll take more taxes.’ Like, no. They only take that percentage from the ADDITIONAL money you’ll be making. You’ll still be making more money!”

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Source: https://www.buzzfeed.com/crystalro/shocking-myths-people-believe