“There’s this wild disconnect between what people are experiencing and what economists are experiencing,” says Nikki Cimino, a recruiter in Denver.

  • @iopq
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    711 months ago

    The standard deduction is $13850 so there’s no way you’re paying 15% tax on an income of $20,000

    You’re paying about a little over $600 federal plus whatever state tax and usually state tax is less than federal, but depends on the state. In some states you don’t pay state income taxes.

    So best case scenario you pay a little over 3% federal and no state.

    • @nexguy
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      411 months ago

      At that salary you’d also get EIC and likely pay no taxes at all.