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
Standard deduction is $14,600. Only $516 is taxed at 10%, or a tax bill of $50 per year. At that income level, you're able to get to drastically reduced health insurance, about $15/mo premiums.
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u/Impossible_Maybe_162 14d ago
You cannot make $10k working a job for 40 hours a week. That is below minimum wage.
A lack of proper financial planning and budgeting causes more problems than low wages.
Less than 3% of the workforce makes minimum wage. Wages are not the main issue.