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-   -   Time to give America a raise! (/forums/showthread.php?t=145208)

JayN 03-28-2014 04:42 PM

Time to give America a raise!
 

pras Obama commander in chief no one who works full time should have to live in poverty and driven to RMT!

its time for a raise America, its also a time for a raise in Norrath!

I call for an EXP bonus, lets have one please in celebration.:D

baalzy 03-28-2014 04:49 PM

Bush Towers only real option.

Rheaume 03-28-2014 04:49 PM

Minimum wage is wrong.

JayN 03-28-2014 04:50 PM

Quote:

Originally Posted by Rheaume (Post 1387786)
Minimum wage is wrong.

I heard some republicans want to repeal minimum wage; do you agree with these baby murderers ?

Champion_Standing 03-28-2014 05:02 PM

Raising the minimum wage is just a scam to get more money into government coffers, if they really gave a shit about working people they would eliminate the bottom 3 federal income tax brackets.

Swish 03-28-2014 05:06 PM

Quote:

Originally Posted by baalzy (Post 1387785)
Bush Towers only real option.

+ XP bonus on red before any bonus on blue :p

Quineloe 03-28-2014 05:15 PM

Quote:

Originally Posted by Champion_Standing (Post 1387809)
Raising the minimum wage is just a scam to get more money into government coffers, if they really gave a shit about working people they would eliminate the bottom 3 federal income tax brackets.

How much taxes do you pay on a minimum wage job?

Portasaurus 03-28-2014 05:20 PM

Need to establish and then lower the maximum wage.

Champion_Standing 03-28-2014 05:26 PM

Quote:

Originally Posted by Quineloe (Post 1387845)
How much taxes do you pay on a minimum wage job?

http://lmgtfy.com/?q=2014+federal+income+tax+brackets

baalzy 03-28-2014 05:27 PM

^ this guy doesn't understand progressive taxes.

Edit: Nvm, did the math. Apparently I'm just an asshole. My argument was much better before I remembered to include SSi & Medicare taxes.

Federal minimum wage = 7.25 / hour. 7.25 * 40 hours a week * 52 weeks = 15080/year.
Tax rate on SSi/Medicare = 7.65% = 1153.62 taxed on that = 13926.38 net income before income tax
2014 standard deduction = 6200 = 7726.38 taxable income.

Lowest income tax bracket of 10% ends at 9075. 7726.38 < 9075
10% of 7726.38 = 772.64

772.64 + 1153.62 / 15080 = 12% effective tax rate

(2014 rates & deductions)
http://www.forbes.com/sites/kellyphi...unts-and-more/

(Note: Assuming single and no children).


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