Hi all. Apologies if this is not allowed here. I know people out there are struggling, but I just want to share my good news with someone.
It’s a big milestone of accomplishment in my life, but I feel weird just telling family members or my online friends about it. The only other people who know are my coworkers because we all got the same raise. Money doesn’t go as far nowadays due to crazy inflation post COVID and my area has higher cost of living than where I grew up, but I’m still very happy about this. I remember back when I used to only make minimum wage. All those years of schooling eventually made their way back to me. I’ll never make as much money as someone like a doctor, but it’s definitely enough for me to live comfortably as a single person.
Anyway, I’ll delete this in a bit (or sooner if it gets removed by a mod), but I hope you guys out there have a good weekend.
Edit: Thank you guys very much :)
Edit 2: Jeez there are so many more comments than I expected. You guys are so nice!!
Congratulations. Of course you understand that come time to eat the rich you’re now on the menu.
edit: Pff y’all can’t take a joke
You can share it with me! I have to pay $1100 before the end of the month or end up in court over fines I gotta pay for a crime I didn’t do. I could eat more than rice and tuna with some of that good news.
As a fellow poor who happens to be floating comfortably right now, I’ll cross my fingers for you haha.
I have 15 bucks in the bank, but all of my bills are paid and I have a fridge stocked full of food (deep freezer took a shit recently and ruined a lot of it, but I’m still good) so I don’t need anything, but I know what it’s like to have my heart beating out of my chest with worry about how I’m gonna pull it all off. I haven’t experienced any crazy emergencies in a long time (knock on wood) and I’ve put some stuff up to sell in case that happens. I hope you get where I am. I hope you do better than I’m doing.
I have $690 in my bank account to add to next week’s paycheck and pay what I gotta. I was about to pay online, but found out this bullshit scaling fee business.
I just can’t spend any of it. I also can’t pay in person during business hours because I work during business hours. All I can do is wait for the probation appointment and pray that no random unexpected charge happens until then.
Username checks out
Awesome! Time to give most of it to taxes since you increased your tax bracket 😂
Only increased taxes on the amount in the next bracket. If they’re making 110k a year, only about 10k will be taxed at the 24% rate. Everything else stays the same.
Depends how much they went up by actually.
If they jumped from 60k to over 100k, he’ll definitely feel that on his paycheck.
Also for Quebec, our taxes are very high, and I think after 140k or so you lose 44% total. It’s too much.
Making $60k in Quabec your take home is: $44,428
Making $140k your take home is: $91,713
Using this example, all they’re going to feel is their take home pay more than doubling.
EDIT: Source: https://turbotax.intuit.ca/tax-resources/quebec-income-tax-calculator.jsp#
