My son works for Home Depot. He is full time, working 40 hours a week.
They offer health and dental insurance, but we buy him a health plan because the plan Home Depot offers costs too much.
His gross income in 2013 was: $16,855.00
from which he paid: $787.51 in federal income tax
$1045.06 in social security withholding , of which he will never receive a dime.
$244.41 in medicare withholding. He will never receive any benefit from that.
$321.00 in State income tax
$212.00 in City income tax.
So out of his gross earnings of $16,855 he had to pay $1,564.92 in taxes.
Which leaves him $15,290.08 to live on, or $1,274 a month.
What benefit did he get for his money? Roads to drive on to get to work.
I personally don't see any point in working in these circumstances. He could get more money, and keep more of it , if he just sat on his rear at home and played video games.
And that doesn't take into account the fact that every time he buys anything, he pays sales tax .
On the other hand, the custodian where I used to work, had a wife and child. They had $3000 a year in taxes withheld, but he got a refund of $5000.00 each year thanks to the earned income tax credit.
I guess I know where my son's money went. Either that or computers for African schools that don't have electricity.