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Progressive taxation so nothing lowers your net income. That scale seems quite sensible really, and you'd even have more than the 100k because again progressive taxation. And honestly 100k net is already an obscene amount of money for a single person.
Taxes don't work like that. It's only the portion above a level that's taxed at that level.
In the US you could absolutely fall into a new range where certain deductions no longer apply, so you could make that extra little bit of income, then lose out on deductions totaling more than your increased income.
It’s not as simple as the progressive tax brackets look at first glance.
That’s what the standard deduction is for unless you are talking about a very narrow range of only freelancers/business owners
There are other deductions that no longer come into play after a certain income. If I recall correctly, mortgage interest, child tax credits, and some medical deductions.
OK but owning a house and having children are both choices, so I’m not exactly sure I see what’s so unfair about not having those certain deductions. Medical is the only one I agree is legitimate here so fair point
Not sure what choice has to do with what I was saying. Of course those are choices, but my point was that there are certain inflection points with income where post-tax income can actually go down.
I just don’t equate not receiving tax deductions with being taxed more, especially when the deductions aren’t available to everyone (i.e. home ownership and kids). There is a fair bit of nuance here being glossed over IMO.
Tax brackets don't lower income from the bracket before them. If you had 123net/177gross, and got a raise to 200 gross, you would only pay 45% on that 23k difference between 177 and 300. Thus going to 137net/200 gross.