Report: Majority Of Americans Unaware They Are About To Lose Last Dollar Of Income On Last Dollar Of Income
By Calvin McRobotface
WASHINGTON—According to a Department of Labor report released Wednesday, the vast majority of Americans are completely unaware they are about to lose a dollar on the last dollar of their income. “The vast majority of Americans are completely unaware that they’re about to lose a dollar on the last dollar of their income on the last dollar of their income,” said Department spokesperson Heather Calloway, explaining that nearly a third of respondents said they were not aware that the income they earned this month would be cut off while the total income they earned in the next month will be taxed at the rate of 20 percent. “And residents of states such as New York, Pennsylvania, the District of Columbia, and Dallas were even more surprised when we showed them the income they’d received in the next three months.” Calloway added that it was very unlikely that Americans would be able to make ends meet for the next three dollars.