Update, 9/8: As reader James flags in comments, the text of the USA Weekend story has now been corrected. The latest version notes that when a raise bumps you into a higher tax bracket, “earnings below that threshold are still taxed at the previous, lower tax rate.” A note at the top of the article states that the earlier version “misstated the impact of tax brackets on raises.”

Greg Marx is a CJR staff writer. Follow him on Twitter @gregamarx.