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  1. July-16-15, 04:45 PM #15
    313WX
    313WX is offline DetroitYES Member
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    Quote Originally Posted by BankruptcyGuy View Post
    People who make $8.10/hr don't pay $2.45 [[30%) in taxes.
    Maybe not exactly 30%, but still pretty darn close [[25%) when you factor city income taxes, state income taxes, federal income taxes and payroll taxes.

    http://www.paycheckcity.com/calculator/hourly/result

    This is of course assuming no allowances are taken and not including any credits or exemptions claimed when it's time to file taxes.
    Last edited by 313WX; July-16-15 at 04:48 PM.
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