After taxes and entitlement program benefits are accounted for, a single parent with a salary of $4,800 ends up with nearly the same take-home pay as a single parent with a $21,000 salary, according to a report from the Tax Foundation.
The report, titled “Income Tax Illustrated,” evaluates two examples of a single-parent family with one child.
In one example, a single parent earns $4,800 in annual salary before taxes, but after accounting for entitlements, this family’s take-home climbs to $22,090. Benefits included in this calculation comes from Medicaid, Temporary Assistance for Needy Families, the Children’s Health Insurance Program, food stamps, and the Housing Choice Voucher program.
In another example, a single parent who earns $21,000 before taxes receives $24,057 in take-home earnings. Even though this family got $16,200 more than the previous example, they only see an additional $1,967 more in take-home income than a family that earns far less.
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2 comments:
If the person in incapable of getting a better job - I'm OK with this.....if the person is unwilling to get a better job - they should be forced to live on what they make alone!
Yes, that sounds cruel - and I can accept that!
How about you take away the money from the leach and you stop taxing the hell out of the person trying to earn a living.
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