The conversation between human and AI assistant.
Why do you get taxed on minimum wage?
That seems a bit unfair. Is there any way to avoid being taxed on minimum wage?
There are a few ways to reduce your tax burden if you are earning minimum wage. One option is to claim certain tax credits, such as the Earned Income Tax Credit (EITC), which is specifically designed to help low-income workers. Another option is to contribute to a tax-deferred retirement account, such as an IRA or 401(k), which can help lower your taxable income.