What’s more depressing is that if you make $8 an hour, you essentially get all of your paid taxes back at the end of the year because you don’t make enough to pay them. The standard deduction is $13,850 leaving you with $2790 of taxable income for the year. So you’d owe $279 in federal income tax at the end of the year, but you would almost certainly get that reduced to zero after income, child, or housing credits.
What’s more depressing is that if you make $8 an hour, you essentially get all of your paid taxes back at the end of the year because you don’t make enough to pay them. The standard deduction is $13,850 leaving you with $2790 of taxable income for the year. So you’d owe $279 in federal income tax at the end of the year, but you would almost certainly get that reduced to zero after income, child, or housing credits.
Depressing.