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dark0821 · 08-08-2022, 05:09 PM

^you guys are all correct

Taxes are maginal 100%, but as someone mentioned, on the lower brackets, it is absolutely true that pushing higher in a bracket can have huge impacts to your family income as a whole.

$0 to $42,184
- Max benefits from BC GOV (ie. free community centre passes such as gym and swimming pool, free swim lessons for kids, basically free programs in that community centre catalog except for the few 3rd partie ones that are not ran under the gov directly)
- huge subsidy in preschool (I was paying the full amount at like $500 a month per child, and some other parents are paying $80? and they drive a Model X, and I was driving a Rogue, cuz even the RAV4 at the time was too expensive if you are financing, 4.99% APR is no joke, Rogue was 0.9% LOL)(thankfully one child was in preschool at a time, but I still ended up paying like 4 years worth (2 years per child) fml)
- max Canada Child Benefit (once again, its like something stupid like $500+ per kid) I don't know cuz my benefit is like >$100 per child...

$42,184.01 to $84,369
- partial benefitis from above, not as subsidized as "low income" families above, but still a decent chunk in everything listed above

$84,369.01 to $96,866
- this is where I assume most of the working population incomes fall under, like actual people who need to work (people like me LOL), you get jack shit from any benefits, because to the govt you are in the "have camp" instead of the "have not camp that needs help"
- for people with income just under @ like $83,000 with kids, you bet they can afford "a better living" than people we are making $85,000 a year. That extra $160 (before taxes mind you, so maybe you are taking home an extra $120?) that you take home every month is doing jack shit compared to the benefits you are losing

$96,866.01 to $117,623
- honestly if you are doing better than $84,000 a year (ie the last teir). You should just be doing everything to max your income.
- Tht govt isn't doing shit for you except making your life harder, because you are the wealthy and rich (HA!)
- So you aint getting shit, might as well make your own $$$$, because every extra $ you earn, it is going into your pocket after some tax deductions..

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All in all, basically
- if you are making less than $84K, there are some scenarios where it is smart to stay under $84k
- if you are making more than $84K, then max your income, there will be no scenarios where making more will net you less

08-08-2022, 05:09 PM	#187
dark0821 Rs has made me the man i am today! Join Date: Oct 2008 Location: Van604 Posts: 3,254 Thanked 2,712 Times in 773 Posts Failed 113 Times in 44 Posts Member's Picture Albums	^you guys are all correct Taxes are maginal 100%, but as someone mentioned, on the lower brackets, it is absolutely true that pushing higher in a bracket can have huge impacts to your family income as a whole. $0 to $42,184 - Max benefits from BC GOV (ie. free community centre passes such as gym and swimming pool, free swim lessons for kids, basically free programs in that community centre catalog except for the few 3rd partie ones that are not ran under the gov directly) - huge subsidy in preschool (I was paying the full amount at like $500 a month per child, and some other parents are paying $80? and they drive a Model X, and I was driving a Rogue, cuz even the RAV4 at the time was too expensive if you are financing, 4.99% APR is no joke, Rogue was 0.9% LOL)(thankfully one child was in preschool at a time, but I still ended up paying like 4 years worth (2 years per child) fml) - max Canada Child Benefit (once again, its like something stupid like $500+ per kid) I don't know cuz my benefit is like >$100 per child... $42,184.01 to $84,369 - partial benefitis from above, not as subsidized as "low income" families above, but still a decent chunk in everything listed above $84,369.01 to $96,866 - this is where I assume most of the working population incomes fall under, like actual people who need to work (people like me LOL), you get jack shit from any benefits, because to the govt you are in the "have camp" instead of the "have not camp that needs help" - for people with income just under @ like $83,000 with kids, you bet they can afford "a better living" than people we are making $85,000 a year. That extra $160 (before taxes mind you, so maybe you are taking home an extra $120?) that you take home every month is doing jack shit compared to the benefits you are losing $96,866.01 to $117,623 - honestly if you are doing better than $84,000 a year (ie the last teir). You should just be doing everything to max your income. - Tht govt isn't doing shit for you except making your life harder, because you are the wealthy and rich (HA!) - So you aint getting shit, might as well make your own $$$$, because every extra $ you earn, it is going into your pocket after some tax deductions.. \\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\\ All in all, basically - if you are making less than $84K, there are some scenarios where it is smart to stay under $84k - if you are making more than $84K, then max your income, there will be no scenarios where making more will net you less __________________ Proud member of GRAPE Great Revscene Action Photographers Enthusiasts AE101 Rolla 96' //Sold RPS13 240SX 90' //STOLEN RMS13 240SX 91' //Scrapped RHS13 240SX 90' //Scrapped S35 Rogue 12' //Gifted to Parents GD 6MT Elantra 13' //Sold CZ4A 5MT GSR Evo 08' // Totalled Ioniq DCT 19' //Traded in NA MX-5 5MT 97' // Sold Prius Prime 21' //Traded in Tesla Model 3 RWD DD GSX-R 600 K5' Mental Therapy Prius Prime 24' New Kids Carrier Last edited by dark0821; 08-08-2022 at 05:15 PM.