Posted by bad_luck on 9/29/2016 5:14:00 PM (view original):
Posted by MikeT23 on 9/29/2016 5:08:00 PM (view original):
I know what I can "sell" to an employee as better for them. Their daycare and college accounts don't mean a whole lot to me. Do you think your employer care about your kid's college fund? Hint: He doesn't. He wants to pay you as little as possible and will tell you what you need to hear to make it happen. If I say "If I pay you more, you'll fall into another tax bracket. How about an extra day off in December?", maybe they're toddcomm and think 74k at 10% is more than 75k at 20%.
I'm not sure you what you claim to be but you're not a people person. You couldn't sell ice cubes in hell.
It's not that you care about the savings or daycare write off or whatever, it's that you don't know where the tier is for that employee.
They might get $80k a year and still only have a taxable income of $50k. If you come at them with, "you should take $5k less to save on taxes," they're going to laugh in your face.
Are you sure? Because, if you are, you're wrong.
I've been doing this for 19 years. They've asked to work less because they're going to fall into another tax bracket. Now maybe they took it to an accountant and he ran the numbers but I doubt it. Either way, I said "You're only going to be taxed more on the money you make over that number not on your entire income." I got a blank stare in return.
Stay in your lane.