Megiddo said:
They do not get it all back. You have no idea how taxes work and that frankly is quite sad. |
He's absolutely right. Low income folks typically have all of their withheld federal taxes refunded each year. Obviously this doesn't exempt them from paying for social security or medicare, but poor people don't pay income tax the vast majority of the time. That's why Trump's tax cuts weren't very impactful for many.
Of course, if you're single and have no tax credits, then the line to pay tax is super low.
Last edited by outlawauron - on 12 June 2018