The following is a 3 message exchange between 2 users
@Devroe 6mos6MO
The minimum wage in this country is set ridiculously low and no one making this little could have a hope for sustaining themselves without assistance or working multiple jobs. At $7.25 an hr. a person working full-time, 40 hrs/week would only be making $1160.00 a month before taxes. So let’s break that down. The tax rate for this amount of income is 12% which would be roughly $139. $1160-$139 = $1020. The average rent for a 1 br apartment in this country is around $1100 but let’s be generous and say this person got lucky and found a room for rent for $600. $1020-$600 = $420. On… Read more
@9GTBY3Y 6mos6MO
People making minimum wages don't pay taxes, as a matter of fact, 57% of households don't pay federal income tax at all. Never have I lived in a minimum wage household, so maybe I'm a bit naive, but raising minimum wage only makes goods and services more expensive, inflating the economy, which is not something that I want.
@Devroe 6mos6MO
I disagree with this pretty much in its entirety. I’m not sure where your statistics came from but a quick google search will tell you that the number of households who don’t pay income tax is about 40%. Also, this information doesn’t add anything to this particular discussion. I, unlike you, have lived in a minimum wage household as well as worked minimum wage jobs myself. I can assure you I paid income tax. I was able to get the majority of that refunded come tax time, but it was still income that would have served me better throughout the year versus in a lump sum at the end. Read more
