3 ms·
If only someone studied this... https://budgetmodel.wharton.upenn.edu/issues/2021/4/30/map-income-underreporting-by-state https://budgetmodel.wharton.upenn.edu
by theGnuMe 4y ago
If only someone studied this...
https://budgetmodel.wharton.upenn.edu/issues/2021/4/30/map-income-underreporting-by-state https://budgetmodel.wharton.upenn.edu/issues/2021/4/30/map-i...
New York is about 11k undeclared on average per taxpayer.
Now living wage rates: https://livingwage.mit.edu/counties/36061 https://livingwage.mit.edu/counties/36061
Living wage for an adult with 0 children is $25.42 per hour and minimum wage is $15. So let's say that difference is $10.
$11k is 1100 hours which is 137.5 eight hour days just do bring you up to a living wage.
Note that this excludes any dependents. Factor in a non-working spouse or kids and the discrepancy is worse.