Just for fun I used an online tax calculator to see what the federal income tax bill would be for a single person with (just) $20,000 in before-tax income. This is what it spit out:
$780 in federal income taxes! That’s right, someone who doesn’t even earn $10 per hour would pay more in taxes than Donald Trump did. 😮 #TrumpTaxes
Hoping @TaxPolicyCenter can tell us what % of American households paid more in federal income taxes than Trump did ($750). If someone who works full time for less than $10/hour would have paid more than this, we know this share has to be large.
Not sure that calculator accounts for EITC and standard deduction though.
Actually someone with $20K earnings and NO children would get NO EITC. Is that correct, @ElaineMaag??
@TaxPolicyCenter: Can you verify the above calculation— that a single childless person with just $20K in earnings (that’s less than $10/hour, 40 hours/week) would owe more in federal income taxes ($780) than Donald Trump paid?? 😮 #TrumpTaxReturns
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