Net pay

You can skip the statistics and go down to the summery. Family of four with one wage earner at $15 per hour or $30,000 per year. Gross income $30,000 Less standard deduction $24,000 Taxable income $6,000 Tax due $600 Child tax credit $4,000 Tax refund $3,400 Earned income tax credit $4,248 Gross income $30,000 Less payroll tax $2,295 Plus tax child tax credit $3,400 Plus EITC $4,285 Take home pay $35,390 Family of four with one wage earner at $30 per hour or $60,000 per year Gross income $60,000 Less standard deduction $24,000 Taxable income $36,000 Tax due $3,600 Child tax credit $4,000 Tax refund $400 EITC 0 Gross income $60,000 Less payroll tax $4,590 Take home pay $55,410 In addition the $30,000 family is eligible for a $7,500 subsidy for health care and other various state and federal benefits. In MN things like energy assistance, head start, WIC, SNAP and school lunch. These added to other assorted benefits can add another $5,000 of income. Summery. Family one takes earning $30,000 takes home $47,800 and family two earning $60,000 takes home $55,410. Note that neither family pays any federal or state income tax.