Quote from llg
It depends what you mean by "good." Yes, you will earn more money if you work extra. Yes, as your income rises, you pay a higher percentage in taxes. But when you do the math, few peope say, "I would rather make $50K than $100K because those people who make $100K pay a higher tax rate."
And contrary to what some people seem to think, the higher tax rate only applies to the money you make that falls into that higher category, it doesn't raise the rate you pay on the first dollar you earn.
For fun, I looked up tax rates for 50k vs 100k. Let's say both those numbers are after deductions (taxable). The federal rate is 25% up to $87,850 (hey OP, look at these rates!). The rate is 28% from $87,850 to $183,250. So the fictional person above would pay an 'extra' three percent on $12,150:
To recap: making an extra $50,000 in the example above nets a "tax penalty" of $364.50 over and above the rate they were already paying.
To the OP and everyone else: remember this when people tell you that working more just means "It all goes to Uncle Sam." It doesn't.
Rich people have known this since forever, but since they don't want to pay any taxes, they spread lies to convince the poor and middle class to lower their taxes.