Friday, April 26, 2013

$10 an Hour is $20k per Year

...And that is if you can manage full time.  That may be a lot of money to a high school student with approaching $0 in living expenses, but for most people it is hardly anything.  Yes, such a person will (almost certainly) qualify for EITC which puts real money back in their pocket, but SS/Medicare and most state income taxes don't give a damn.  Just the SS/Medicare portion will cost said individual $1500.

No, our politicians, and their money masters have no concept of what people in these circumstances have to deal with: "work harder!", "go back to school!", and any other patronizing response are not helpful, and often not possible.  Also, too: they don't care.

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