30% is way to high an effective tax rate at that income. Below median earners pay effectively zero taxes with the EITC and standard deductible.
$400 is way too high for a car payment. You can get a great used compact for $10k. With decent credit that’ll run you $150/month.
$100 is way too high for home Internet. I pay $40/month for 100 mbps, which is more than enough for five decides to stream simultaneously.
$1400 is too high. A low earner should be saving money by getting a roommate. I can easily find rooms for rent in my medium COL metro for $700/month. Heck, I can find one bedroom houses for sale where the PITA mortgage is well below $1400.
Federal income tax, state income tax and local property and sales tax. Social Security and Medicare taxes. I agree 30% is too high an estimate for below median incomes, but its closer 9-15%, according to this: https://thecollegeinvestor.com/34072/effective-tax-rates/
And if you include health insurance--which in other countries is provided for and paid for with taxes--then it goes up. A lot.
Okay, half the tax rate and my point still stands. I responded to your other points in another comment of mine up thread. Feel free to address my rebuttal there.
$400 is way too high for a car payment. You can get a great used compact for $10k. With decent credit that’ll run you $150/month.
$100 is way too high for home Internet. I pay $40/month for 100 mbps, which is more than enough for five decides to stream simultaneously.
$1400 is too high. A low earner should be saving money by getting a roommate. I can easily find rooms for rent in my medium COL metro for $700/month. Heck, I can find one bedroom houses for sale where the PITA mortgage is well below $1400.