You're still full of shit. Percent wise, the top 1% pay 39% of federal income taxes. Of the other 99%, 47% pay 0% of federal income taxes. Who isn't paying their "fair share"?
Corporations only collect taxes, they pay 0. I am a big Rush fan my-self. By the numbers it is true, but he knows as well as I do corporations pay 0 taxes. As far as perosnal income that statement is probably true
I just want to make sure as this debate evolves that every-one never lose sight of that. The person who is getting harmed with a lower minimum wage is you and I, not the corprorations
If we cut the rate they collect from us 40% and pay those under 14 an hour, 14. We could change 12.5 million peoples lives as well as get them off of the welfare wagon.
Job creation, wealth creation and the consumer would benefit by not having there taxes rasied to resolve these issues
I have been told by some that tax cuts are not a conservative idea, that is confusing
You do realize that the majority of jobs in the US are in small businesses and are not in corporations don't you?
They still pay taxes on profits that business makes. I am not sure a LLC would pay. If you google it, it goes straight to corporate tax rates
Some very small LLCs would be pinched by this, there is no doubt
LLCs that have very few employees would be harmed to some degree. How much and how many?
Now i am talking a restaurant that has 4-6 people working there, A garbage disposal that is in a small town that has an owner and 2 employees
Most LLCs that have 20+ people would have a bare cost that would not effect them much. there would be enough making over12-14 that the bare composite rate would not be raised that much.
Its like a owner takes a 52,000 a year salary with 2 employees eho make 20,000 a year on a 40 hour week
Thats a bare labor rate of 14.74 an hour.
your bare on those 2 goes from 10 to 14 on labor would not be offfseted by a corporate tax cut of 40% probably. That is a fact
Where the largest hit would be would be in your local and state govt. See what Bacon Davis does is it pays a salary with 0 benifits.
This idea would have to have those cost added for it to work to your local and state employees, really all employees
if your bare rate was 12 an hour with health ins provided, that cost would go towards your wage
Most people in the private secotor who make 10 an hour have 0 benefits
Legacy cost would have to be part of that pay rate set forth as a minimum wage or this would never work any-way and I would be dead against it
ins
retirement
vacation
sic days
etc.... would have to towards your minimum wage calculation
A living wage must include these items, as they are part of the problem I would be trying to resolve
Medicare and Medicade is nothing but ins. Typically health ins cost me about 2.50 an hour when I pay 100% of it (@40 hours)
you make 10 an hour, your ins. is provided, you rate is 12.50 an hour