• SkunkWorkz@lemmy.world
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    12 hours ago

    it’s just not the US. I live in the Netherland and many people here think OT and bonuses are taxed differently, because they see a higher tax rate applied to it on their slip. They forget that their base salary covers multiple brackets and a tax credit. Thus has a lower average tax rate than their OT and bonuses which falls in their top bracket or even a bracket above.