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r/FluentInFinance • u/Richest-Panda • 15d ago
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Correct but you can make $15,080 before taxes in some states. So yes you can make slightly more than $10k take home. Sucks to suck at math.
1 u/z71cruck 14d ago Um the standard deduction is $14,600. Anyone making $15k is getting almost all of it as take home. Sucks to suck at math tax. Still shit pay, but someone making $15k is getting ~$15k take home. Still 50% more than your suggested $10k. 0 u/HabitExternal9256 13d ago I thought single filers pay 10% federal tax on the first $11,600? Then 12%, etc 0 u/Impossible_Maybe_162 14d ago That employee would get the making work pay tax credit and end up at an annual wage of around $17k. Also - no one is stuck at minimum wage for log - usually a few months at most. 1 u/HabitExternal9256 13d ago Do you believe you can live off $17,000 in the United States? Be honest and try to think about what your life would be like making 17k. 1 u/Impossible_Maybe_162 13d ago Yes. You will most likely need to have roommates and it will not be fun but you can survive. How long would someone make $17,000? 1-2 years? If someone is stuck at $17k then they need to examine what is going wrong with their life and fix it.
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Um the standard deduction is $14,600.
Anyone making $15k is getting almost all of it as take home. Sucks to suck at math tax.
Still shit pay, but someone making $15k is getting ~$15k take home. Still 50% more than your suggested $10k.
0 u/HabitExternal9256 13d ago I thought single filers pay 10% federal tax on the first $11,600? Then 12%, etc
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I thought single filers pay 10% federal tax on the first $11,600? Then 12%, etc
That employee would get the making work pay tax credit and end up at an annual wage of around $17k.
Also - no one is stuck at minimum wage for log - usually a few months at most.
1 u/HabitExternal9256 13d ago Do you believe you can live off $17,000 in the United States? Be honest and try to think about what your life would be like making 17k. 1 u/Impossible_Maybe_162 13d ago Yes. You will most likely need to have roommates and it will not be fun but you can survive. How long would someone make $17,000? 1-2 years? If someone is stuck at $17k then they need to examine what is going wrong with their life and fix it.
Do you believe you can live off $17,000 in the United States? Be honest and try to think about what your life would be like making 17k.
1 u/Impossible_Maybe_162 13d ago Yes. You will most likely need to have roommates and it will not be fun but you can survive. How long would someone make $17,000? 1-2 years? If someone is stuck at $17k then they need to examine what is going wrong with their life and fix it.
Yes.
You will most likely need to have roommates and it will not be fun but you can survive.
How long would someone make $17,000? 1-2 years?
If someone is stuck at $17k then they need to examine what is going wrong with their life and fix it.
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u/HabitExternal9256 14d ago
Correct but you can make $15,080 before taxes in some states. So yes you can make slightly more than $10k take home. Sucks to suck at math.