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 |
Bush Towers only real option.
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Minimum wage is wrong.
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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.
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Need to establish and then lower the maximum wage.
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^ 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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