Like I said, that's how income taxes work, and I'm fairly confident that my interpretation is correct. And even if I'm wrong, the number is $2,800, not $15,120.10.
There aren't many places in the tax system where earning an extra dollar will decrease your take-home pay. A few aid programs have hard cutoffs if your income is too high, which is equivalent to a sudden tax increase. But the actual taxes seldom (never?) operate that way.
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|...............| We live in the nick of times.
| Len 17, Wid 3 |
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