what does post tax mean? Do you count earned income child tax credits which means a famiy receives money?
Does it count HUD, SNAP, CHS & WIC medicad?
What about parsonage?
What if a rebbe gets free tutions (or a girls teacher)
SNAP = 15K a month
HUD = 30K a month
Earned income =7500
WIC = 5000
CHS = 10K
Medciad gain vs private employee paid insurnace =7500 (using a low numner)
Total : =75kK
I left out free tution for rebbaim
I have a high suspicion that these calculations won’t be included. What ends up happening is that the accountant who earns say 100K net income, (after taxes) but not receiving any programs. He is capped at 20% = $20K Now lets say you have a “low income earner” . He earns only 75K, he is capped now at $15K. But after his govt programs he really earns close to 150K and should pay more than the accounant at 30K.
Hereby lies your issue unless they are ready to get into the guts. You can’t view income like the govt does