0 thoughts on “A living wage calculator

  1. Me says:

    Oops…. huge problem with the numbers. I looked at 2 adults (one working) with 2 children. They have total taxes at 15%, and factored that into the calculation (i.e. increasing the income number necessary to cover the taxes).
    Except that’s wrong. The taxes would be 7.65% for payroll taxes, and there would be NO federal income tax owed. In fact, there would be the child tax credit which would result in a refund over and above any income tax withholding (and the withholding would be refunded too).
    How do they do all this work on a calculator like this and get it totally wrong?

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