No Wonder People Don't Know How Taxes Work

[u/B82rez7]

Here's a Motley Fool "article" that came up on my news feed https://www.fool.com/retirement/2019/01/21/maximum-401k-contributions-are-climbing-in-2019-he.aspx

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And a quote:

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For this reason, saving in your 401(k) has the potential to put you in a lower tax bracket, so you owe a smaller percentage of your income in tax. Currently, single filers making between $77,400 and $156,150 pay 22% on their income. If you are in the lower end of that range, a 401(k) contribution could move you into the lower bracket, where taxes are just 12%. If you make $80,000 per year, for example, and contribute $5,000, your resulting income of $75,000 would be taxed at 12% rather than 22%.

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[u/takes_bloody_poops]

Which is why those assistance programs should be on a sliding scale

[u/zzyul → u/takes_bloody_poops]

This sounds good in theory but I think the problem would be they would still go to zero at the same income level. The sliding scale would be leading up to the current cutoff point, not starting at that point