Re: Help with a Minimum Wage Model

From: Charles Hixson (charleshixsn@earthlink.net)
Date: Sun Apr 06 2003 - 19:54:09 MDT

  • Next message: David C. Harris: ""Closer To Truth" schedule"

    Rafal Smigrodzki wrote:

    > ...
    >
    >### People living on minimum wages do not pay direct taxes.
    >
    ...

    I don't have any direct experience, but I seem to remember that anyone
    earning more than $750 a year had to pay income tax. And I know that in
    college when I was working for $5.00 per hour for short hours I still
    had income tax withheld, even though my projected yearly income would
    have been *far* below poverty. (I wasn't a full time job.) But there
    could be some special rule about people earning minimum wage that I
    never encountered.

    My inclination, however, is to doubt your assertion. Do you have
    particular knowledge indicating that it is true, or is it just "it
    doesn't seem reasonable"?

    OTOH, I haven't read that section of the tax manual for many decades. (I assume that you could tell by the $750. That's *got* to be out of date!)

    This archive was generated by hypermail 2.1.5 : Sun Apr 06 2003 - 20:01:22 MDT