this post was submitted on 15 Mar 2024
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These are all ludicrous.
This makes zero sense. Read up on how tax brackets actually work. Hitting higher tax brackets doesn't mean your existing income is taxed at the higher rate. No "ruining."
Wtf is this paternalistic BS. They could buy drugs or guns too!! 😱
Nah. Pay people.
“Paying people more would be irresponsible of us. The poors would be burdened with the responsibility of having too much money! It would destroy them!”
It often does, seen it firsthand. Hell, I doubled my income and benefits from last job to current. Did not manage it well, wasn't prepared, fucked up my credit (though I always pay on time!), never learned about dealing with money.
Also, are you suggesting a Japanese company of software devs are "poors"?! Don't even know how to reply...
This whole thread cements my view that lemmings are a bunch of teens and 20-somethings that have little real-world experience and are angry at what their generation is waking up to. (And you SHOULD be angry. But FFS, take a deep breath, take a wider, longer view.)
Yes dear, everyone that disagrees with you is just an angry child. 🙄
Posting US tax code like it's the only country in the world and using it as a basis to say something about a Japanese company could be construed as ludicrous, could it not?
And you choose drugs or guns for your example? Again, JAPAN.
Japanese bonuses are heavily taxed and highest salary periods can have big implications on how much one has to pay into the national pension system. The way taxes are paid in arrears can also very easily put people in difficult positions if they aren't financially responsible and happen to suddenly lose their jobs.
Still doesn't matter if something is "heavily taxed" because regardless of how much tax, you'll never own more in taxes than you made. So if you got a 10,000 bonus and it was heavily taxed at 60 percent, you don't somehow have to pay like 15,000 in taxes or something on it. You pay 60% of 10,000, leaving you with 4,000 left over. This is typically done before you even see the money, if not ensure that you keep funds aside to pay for the tax.
Also looking briefly at Japan, it appears that their income tax is a bracket based system similar to the US. So again, even if you go up a bracket, you'll never own more taxes than you make. Honestly, people need to stop thinking in brackets when it comes to taxes, all you need to worry about is your "effective tax rate." That's it, you don't need to worry that your income pushed you into a 29% tax bracket or whatever. All that matters is your effective tax rate is 24.2% or whatever. You'll never own more money because you "moved" into a higher bracket, because that's not how that works.
You said own twice when I believe you meant owe. Otherwise right on.
No tax system in the world taxes all your income after you reach a higher tax bracket. It's always "all the money above X amount is taxed higher". Even if that would somehow be the case, they got so much cash, you don't even realize how insignificant any type of tax is. They are set for life. They have like a 3 person gaming studio.
It doesn't matter if they tax bonuses 99% , you are still gaining net income