14 ms·
How much in Federal income taxes does someone making $26,000 a year pay? Single, no child, no subsidized savings...around $1,000. 1 Child...negative several t
by phonon 2y ago
How much in Federal income taxes does someone making $26,000 a year pay?
Single, no child, no subsidized savings...around $1,000.
1 Child...negative several thousands dollars.
That's assuming all income is being reported.
- profsummergig 2y agoYour point is fair, and a valid perspective for analyzing the issue. Here's another valid perspective: the Federal money that went to subsidize the Law student's degree... it could have gone to infrastructure in a way that could have materially improved the waitress's life. Or it could have increased her child credit. Or it could have been used to incentivize her (in various ways) to seek an educational or skills upgrade.