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Suppose your friend is being considering for a promotion at work. The promotion is expected to provide your friend an extra $10,000 per year in
Suppose your friend is being considering for a promotion at work. The promotion is expected to provide your friend an extra $10,000 per year in salary. However, your friend does not want the promotion, because he just looked at his tax return and saw that if he were to earn just $5,000 more per year in taxable income, it will push him into a higher tax bracket. What should you tell your friend?
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