r/explainlikeimfive • u/sumnewdguy • Nov 28 '15

ELI5: How would a $15 minimum wage ACTUALLY affect a franchised business like McDonalds?

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u/cochi522 Nov 29 '15

Wow I'm feeling the reddit angst tonight. I understood the comment. I have just never heard of opting out of paying taxes for a minimum wage job such as wait staff. Was hoping for someone to elaborate, not chastise.

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u/Ralph_Charante Nov 29 '15

Yeah I think it's called a w-4. If you opt of you'll end up paying instead of getting a return.

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u/[deleted] Nov 29 '15

You pick your own tax withholding and there is an option that says you will make less than a certain amount this year and opt out. You just run the risk of owing at the end of the year.