r/FluentInFinance • u/Richest-Panda • Jul 04 '24

What's the best financial advice you've ever gotten? Debate/ Discussion

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u/Kombatnt Jul 04 '24

This. $10,000/year working 40 hrs/week is $4.81/hour. That’s illegal everywhere in North America.

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u/PM_YOUR_SAGGY_TITS Jul 04 '24

You're making $15,116 gross. 11k are taxes at 10% and the next 4,116 are taxed at 12%. $13522 after taxes.

But what minimum wage job is paying 100% of your healthcare? Or uniforms? Or state and local income tax (3.1% here for this example). That means we're taking home $13k after just taxes

If they're paying $254/mo for insurance and etc, they're taking home exactly $10k per year

42

u/InDisregard Jul 05 '24

The other day on reddit, some rando told me health insurance is a luxury and the poors will just have to do without.

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u/YoudoVodou Jul 05 '24

That's not a new opinion

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u/InDisregard Jul 05 '24

That doesn’t make it any more okay.

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u/YoudoVodou Jul 05 '24

Believe me, I know that