Quote:
Originally Posted by The Porn Nerd
I don't think those numbers are right. How can a 29% increase in wages result in a 300% jump in Fed taxes for said worker/hours?
Of course when wages go up so do taxes. Duh. The problem? The wage doesn't go up enough to replace the help the Gov't is handing out, especially for handicapped people.
So really, I see it as the Gov't trying to do what it always does: have it both ways. Help "the people" in the short term while ultimately helping the giant Corps that ARE (in large part) the Gov't get what it really wants. What's that? More people coming to giant Corps for services rather than Gov't providing them.
So you know, same old same old.
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It is not an increase in wages, the dollars they take home goes up 29%, the federal takes jump from $27 to $91, it is not the increase in tax rate, but the actual dollars. Payroll taxes also jump by about 20% of actual dollars