eli5: If I work a lot of overtime, do I still get more money even though I’m taxed more?

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I usually opt to work more during the holiday season because we get higher wages (holiday pay). I signed up for a lot of extra days and my co-workers keep telling me that because I’ll make more money, I’ll get taxed more. So I’ll be receiving less pay than I’d usually make without the overtime. Is that right? I feel stupid right now.

In: Mathematics

15 Answers

Anonymous 0 Comments

General rule is if your paying more tax your earning more money. You pay more tax because your paid more

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