• alkbch@lemmy.mlEnglish
    10·
    1 day ago

    No, there is not. There are many tax credits one is no longer eligible for after a certain threshold. There are various programs one is no longer eligible for after a certain threshold.

    • jj4211@lemmy.world
      1·
      22 hours ago

      Most of the likely credits tend to phase out gracefully. So it’s true that we can’t be certain, based on my experience of when people are afraid of making too much money, it’s almost always because they think a higher tax bracket applies flatly across their income not due to nuanced understanding of tax credit and welfare benefits.

      • w3dd1e@lemm.ee
        4·
        20 hours ago

        This is true for many people I’ve talked to, but he does understand, on a basic level, how the brackets work. When it comes to the calculation parts, I think he gets frustrated with all the rules.

        But it’s okay! I’m good at stuff like that and he can build pretty much anything. We all have our strengths. :)

        • brbposting@sh.itjust.worksEnglish
          2·
          12 hours ago

          Hellllll yeahhhh!!!

          Yooo is he visual?

          Awww I thought for sure we were gonna have the perfect diagram thing…

          Bah. So maybe there’s some YouTube video where they’re like “Bob made $50,000 last year. This year he took some extra construction shifts and made $75,000. …”

          I don’t care about the partner’s weaknesses I demand clever solutions :p hehe glad everything is good!! 💙

          Edit with silly riff that’s probably inaccurate:

          I’m kiddddding this was just the evil thought when I first read it :p

          • w3dd1e@lemm.ee
            2·
            12 hours ago

            Actually, yeah. Something visual would probably be much better. That’s a great idea! Next time the topic comes up I’ll try that!

            If he is interested in something he’ll dive in head first. He reads so much! But if he’s not interested in something…that’s another story. It’s hard for him to fake it lol

            We watch a lot of mini documentary on YouTube. I can’t believe I didn’t think of that before!