<prompt> Human: Hi All,Ive recently landed a job that pays 105k a year plus an opportunity for a 10 bonus yearly. This is well above anything Ive made before, a friend told me how he puts a higher percentage into his 401k to put him in a lower tax bracket. I was hoping you guys had some reading material or source to point me to for me to learn how to maximize my take home not get screwed? Im based in New York, and financially im not exactly savy but I know how to budget and save. Thanks in advance.  <response>: We have a progressive tax system. Your friend doesnt understand how tax brackets work.Say 10hr puts you in the 10 bracket, but going up to 11 would put you at 20! Do you take the raise? YES! 10 10 PLUS the 1 20 is still more than the 10 10.You should still max out your 401k though... 