hey democrats ! are yall ready for 5 dollar a gallon gasoline ?

[danielpalos]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

UC was designed to help working people get through a temporary time of unemployment. And they pay while you search for another job.

What is wrong with welfare and other social programs to solve simple poverty? They are designed to make sure everyone can live and eat, regardless of employment. That is what they are designed to do.

This is a more cost effective solution and can help automatically stabilize our economy and our tax burden.

The welfare system is far more efficient. The ONLY recent UC is more cost effective is that part of the burden is borne by the employer. That cannot be anything but temporary.

That can be changed by the command of Congress in our command economy.

 

[danielpalos]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

No, it is not the most cost effective solution. Plus, UC involves taking money from your last employer. How long should they have to pay you for not working?

UC is for people who lost their job through no fault of their own. And it is temporary. It may be extended during more difficult times. But it is not open ended.

A simple re-adjustment could make that tax burden more equitable. Capitalism's natural rate of unemployment is an externality to the private sector and providing for the general health and safety is a State obligation.

That is why there are social programs to provide a safety net. But even they were never intended to provide long term income to healthy citizens.

The law is, employment at the will of either party. Employers are not required to hire anyone, not even in alleged Right to Work States.

 

[WinterBorn]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

No, it is not the most cost effective solution. Plus, UC involves taking money from your last employer. How long should they have to pay you for not working?

UC is for people who lost their job through no fault of their own. And it is temporary. It may be extended during more difficult times. But it is not open ended.

A simple re-adjustment could make that tax burden more equitable. Capitalism's natural rate of unemployment is an externality to the private sector and providing for the general health and safety is a State obligation.

The "simple re-adjustment" you want is to make the UC program into the welfare program. Why duplicate the programs when their intended purpose is not the same?

 

[WinterBorn]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

UC was designed to help working people get through a temporary time of unemployment. And they pay while you search for another job.

What is wrong with welfare and other social programs to solve simple poverty? They are designed to make sure everyone can live and eat, regardless of employment. That is what they are designed to do.

This is a more cost effective solution and can help automatically stabilize our economy and our tax burden.

The welfare system is far more efficient. The ONLY recent UC is more cost effective is that part of the burden is borne by the employer. That cannot be anything but temporary.

That can be changed by the command of Congress in our command economy.

If Congress makes those changes, they will also make the changes that welfare already requires.

 

[WinterBorn]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

No, it is not the most cost effective solution. Plus, UC involves taking money from your last employer. How long should they have to pay you for not working?

UC is for people who lost their job through no fault of their own. And it is temporary. It may be extended during more difficult times. But it is not open ended.

A simple re-adjustment could make that tax burden more equitable. Capitalism's natural rate of unemployment is an externality to the private sector and providing for the general health and safety is a State obligation.

That is why there are social programs to provide a safety net. But even they were never intended to provide long term income to healthy citizens.

The law is, employment at the will of either party. Employers are not required to hire anyone, not even in alleged Right to Work States.

Yes it is. And in my 45 years of working, I have never seen an employer fire good employees except for lay-offs in tough times. And UC covers that.

And if an employee quits the job, they basically said (by their actions) that they do not need the money.

 

[danielpalos]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

No, it is not the most cost effective solution. Plus, UC involves taking money from your last employer. How long should they have to pay you for not working?

UC is for people who lost their job through no fault of their own. And it is temporary. It may be extended during more difficult times. But it is not open ended.

A simple re-adjustment could make that tax burden more equitable. Capitalism's natural rate of unemployment is an externality to the private sector and providing for the general health and safety is a State obligation.

The "simple re-adjustment" you want is to make the UC program into the welfare program. Why duplicate the programs when their intended purpose is not the same?

UC is not welfare because it actually solves for the economic phenomena of Capitalism's natural rate of unemployment in a market friendly manner.

 

[WinterBorn]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

No, it is not the most cost effective solution. Plus, UC involves taking money from your last employer. How long should they have to pay you for not working?

UC is for people who lost their job through no fault of their own. And it is temporary. It may be extended during more difficult times. But it is not open ended.

A simple re-adjustment could make that tax burden more equitable. Capitalism's natural rate of unemployment is an externality to the private sector and providing for the general health and safety is a State obligation.

That is why there are social programs to provide a safety net. But even they were never intended to provide long term income to healthy citizens.

Again you disagree with my statement of facts. What I posted was accurate. Your fantasies do not change that.

 

[danielpalos]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

No, it is not the most cost effective solution. Plus, UC involves taking money from your last employer. How long should they have to pay you for not working?

UC is for people who lost their job through no fault of their own. And it is temporary. It may be extended during more difficult times. But it is not open ended.

A simple re-adjustment could make that tax burden more equitable. Capitalism's natural rate of unemployment is an externality to the private sector and providing for the general health and safety is a State obligation.

That is why there are social programs to provide a safety net. But even they were never intended to provide long term income to healthy citizens.

The law is, employment at the will of either party. Employers are not required to hire anyone, not even in alleged Right to Work States.

Yes it is. And in my 45 years of working, I have never seen an employer fire good employees except for lay-offs in tough times. And UC covers that.

And if an employee quits the job, they basically said (by their actions) that they do not need the money.

You miss the point, employment is at the will of either party not the State.

 

[WinterBorn]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

No, it is not the most cost effective solution. Plus, UC involves taking money from your last employer. How long should they have to pay you for not working?

UC is for people who lost their job through no fault of their own. And it is temporary. It may be extended during more difficult times. But it is not open ended.

A simple re-adjustment could make that tax burden more equitable. Capitalism's natural rate of unemployment is an externality to the private sector and providing for the general health and safety is a State obligation.

The "simple re-adjustment" you want is to make the UC program into the welfare program. Why duplicate the programs when their intended purpose is not the same?

UC is not welfare because it actually solves for the economic phenomena of Capitalism's natural rate of unemployment in a market friendly manner.

And it does so for a temporary period of time while the worker searches for another job. You want UC to be unending with no job searching involved.

 

[danielpalos]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

No, it is not the most cost effective solution. Plus, UC involves taking money from your last employer. How long should they have to pay you for not working?

UC is for people who lost their job through no fault of their own. And it is temporary. It may be extended during more difficult times. But it is not open ended.

A simple re-adjustment could make that tax burden more equitable. Capitalism's natural rate of unemployment is an externality to the private sector and providing for the general health and safety is a State obligation.

That is why there are social programs to provide a safety net. But even they were never intended to provide long term income to healthy citizens.

Again you disagree with my statement of facts. What I posted was accurate. Your fantasies do not change that.

Why do we still have an alleged war on poverty? UC can solve that.

 

[Ben Thomson]

are democrats going to be happy paying 5 bucks a gallon at the pump ? i mean the guy they voted for said he's going to crack down on the fossil fuel industry ! https://www.washingtonpost.com/poli...n-draws-gop-attacks-with-call-transition-oil/

The guy said he was going to encourage people to buy electric or at least hybrids

The democrat party has been the source of evil in this country since it was founded by slave owners.........

Then why do things always get worse when Republicans are in charge?

So let's review, shall we? We'll just stick to the Republicans in my lifetime.

Trump - Plague, Riots, Recession
Bush - War, Recession, floods.
Bush- War, Recession
Reagan - Massive Debt, decline of the middle class.
Nixon/Ford - Massive corruption, War, Recessions, hyperinflation.

Well, you get the idea.

Now, yeah, Jimmy Carter had his problems, but what I remember about Clinton was the worst thing we had to worry about was whether or not he lied about getting a blow job. If that's the worst thing you have to worry about during a presidency, your life is pretty good.

Obama took the recession Bush gave him, and turned it around into a healthy economy.

They don't.....the democrats screw things up, then the republicans are blamd when they have to come in and clean it up.

Clinton put the economy into recession with his tax increases...which Bush had to deal with, then the democrats wrecked the housing market, due to clinton's housing policies, that crashed the market during Bush's term in office.......obama set the middle east on fire and created the worst mass regugee problem in Europe since WW2......you are an idiot.

Now, the democrats are letting the Chinese get away with crushing Trump's booming economy....all so they could take power .......and they will let the Chinese get away with killing over 250,000 Americans.......

Bill Clinton left us with a recession??...9 of the last 10 US recessions began with a GOP President. Why would anyone trust a Republican with the economy again?

 

[danielpalos]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

No, it is not the most cost effective solution. Plus, UC involves taking money from your last employer. How long should they have to pay you for not working?

UC is for people who lost their job through no fault of their own. And it is temporary. It may be extended during more difficult times. But it is not open ended.

A simple re-adjustment could make that tax burden more equitable. Capitalism's natural rate of unemployment is an externality to the private sector and providing for the general health and safety is a State obligation.

The "simple re-adjustment" you want is to make the UC program into the welfare program. Why duplicate the programs when their intended purpose is not the same?

UC is not welfare because it actually solves for the economic phenomena of Capitalism's natural rate of unemployment in a market friendly manner.

And it does so for a temporary period of time while the worker searches for another job. You want UC to be unending with no job searching involved.

Employers are not required to hire anyone, not even in alleged Right to Work States. Equal protection of the laws.

 

[WinterBorn]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

No, it is not the most cost effective solution. Plus, UC involves taking money from your last employer. How long should they have to pay you for not working?

UC is for people who lost their job through no fault of their own. And it is temporary. It may be extended during more difficult times. But it is not open ended.

A simple re-adjustment could make that tax burden more equitable. Capitalism's natural rate of unemployment is an externality to the private sector and providing for the general health and safety is a State obligation.

That is why there are social programs to provide a safety net. But even they were never intended to provide long term income to healthy citizens.

The law is, employment at the will of either party. Employers are not required to hire anyone, not even in alleged Right to Work States.

Yes it is. And in my 45 years of working, I have never seen an employer fire good employees except for lay-offs in tough times. And UC covers that.

And if an employee quits the job, they basically said (by their actions) that they do not need the money.

You miss the point, employment is at the will of either party not the State.

I see the point. You miss the point that UC is partly paid for by the employee. There is nothing that the "re-adjusted" UC will provide that welfare does not already provide.

 

[WinterBorn]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

No, it is not the most cost effective solution. Plus, UC involves taking money from your last employer. How long should they have to pay you for not working?

UC is for people who lost their job through no fault of their own. And it is temporary. It may be extended during more difficult times. But it is not open ended.

A simple re-adjustment could make that tax burden more equitable. Capitalism's natural rate of unemployment is an externality to the private sector and providing for the general health and safety is a State obligation.

The "simple re-adjustment" you want is to make the UC program into the welfare program. Why duplicate the programs when their intended purpose is not the same?

UC is not welfare because it actually solves for the economic phenomena of Capitalism's natural rate of unemployment in a market friendly manner.

And it does so for a temporary period of time while the worker searches for another job. You want UC to be unending with no job searching involved.

Employers are not required to hire anyone, not even in alleged Right to Work States. Equal protection of the laws.

No, they are not required to hire anyone. But they WILL hire someone with the skills they need to run a profitable business.

 

[danielpalos]

I see the point. You miss the point that UC is partly paid for by the employee. There is nothing that the "re-adjusted" UC will provide that welfare does not already provide.

That can be changed. Capitalism's natural rate of unemployment is a State concern not a private sector concern.

 

[WinterBorn]

I see the point. You miss the point that UC is partly paid for by the employee. There is nothing that the "re-adjusted" UC will provide that welfare does not already provide.

That can be changed. Capitalism's natural rate of unemployment is a State concern not a private sector concern.

And the state answers that with welfare and other social programs.

And there is no need to "re-adjust" a program so that it can do exactly what an existing program already does.

 

[danielpalos]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

No, it is not the most cost effective solution. Plus, UC involves taking money from your last employer. How long should they have to pay you for not working?

UC is for people who lost their job through no fault of their own. And it is temporary. It may be extended during more difficult times. But it is not open ended.

A simple re-adjustment could make that tax burden more equitable. Capitalism's natural rate of unemployment is an externality to the private sector and providing for the general health and safety is a State obligation.

The "simple re-adjustment" you want is to make the UC program into the welfare program. Why duplicate the programs when their intended purpose is not the same?

UC is not welfare because it actually solves for the economic phenomena of Capitalism's natural rate of unemployment in a market friendly manner.

And it does so for a temporary period of time while the worker searches for another job. You want UC to be unending with no job searching involved.

Employers are not required to hire anyone, not even in alleged Right to Work States. Equal protection of the laws.

No, they are not required to hire anyone. But they WILL hire someone with the skills they need to run a profitable business.

Why is Labor required to have a work ethic that has the effect of depression wages instead of engendering an upward pressure on wages on an Institutional manner?

 

[WinterBorn]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

No, it is not the most cost effective solution. Plus, UC involves taking money from your last employer. How long should they have to pay you for not working?

UC is for people who lost their job through no fault of their own. And it is temporary. It may be extended during more difficult times. But it is not open ended.

A simple re-adjustment could make that tax burden more equitable. Capitalism's natural rate of unemployment is an externality to the private sector and providing for the general health and safety is a State obligation.

The "simple re-adjustment" you want is to make the UC program into the welfare program. Why duplicate the programs when their intended purpose is not the same?

UC is not welfare because it actually solves for the economic phenomena of Capitalism's natural rate of unemployment in a market friendly manner.

And it does so for a temporary period of time while the worker searches for another job. You want UC to be unending with no job searching involved.

Employers are not required to hire anyone, not even in alleged Right to Work States. Equal protection of the laws.

No, they are not required to hire anyone. But they WILL hire someone with the skills they need to run a profitable business.

You have obviously not run a business.

 

[WinterBorn]

Care to cite your reasoning?

It's called math. 21% is more than 12%.

The federal income tax is more graduated than that.

You're talking about people making minimum wage.
They'd be taxed, at most, 12%.

Show us, right wingers:

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

Someone making a fifteen dollar an hour minimum wage generates around nine times more federal income tax revenue: $1,618.00


View attachment 423459

With a $15 minimum, 52 weeks x 40 hours a week = $31,200.

A single earner, the first $9,875 taxed at 10% = $987.50.
The rest, $21,325, taxed at 12% = $2,559. Total = $3,546.50

The employer deducts $31,200 reducing taxes by $6,552 (21% rate).

We are quibbling what it means to small and local business in a local economy, as it relates to the general Government.

One full time fifteen dollar an hour minimum wage worker providing full time labor input to the economy generates nine times more in federal income tax than that same individual person does at the current minimum wage. A nine to one ratio. We don't need low skill minimum wage jobs that can be easily automated in modern times.

We are quibbling

Showing your math error is not quibbling.

generates nine times more in federal income tax

And the increase is less than the decrease in corporate income tax revenues.

Not my math error. An employer can lay off eight people and still provide the general Government with more tax revenue from one full time person at the higher rate. Higher ratios make your position even less credible.

On a per year basis, individual and total population basis:

from current minimum wage labor at 7.25	19,380	31,008,000,000
from fifteen dollar an hour wage labor	185,200	296,320,000,000

So to pay for the one well paid employee, you would put eight people out of work? How do you suppose they will live?

More tax revenue means we can afford to solve simple poverty via UC.

UC will never solve simple poverty, and it was never meant to do so. That is what welfare (and other programs) are meant to do.

Why not? It is the most cost effective solution. Coincidence or conspiracy?

No, it is not the most cost effective solution. Plus, UC involves taking money from your last employer. How long should they have to pay you for not working?

UC is for people who lost their job through no fault of their own. And it is temporary. It may be extended during more difficult times. But it is not open ended.

A simple re-adjustment could make that tax burden more equitable. Capitalism's natural rate of unemployment is an externality to the private sector and providing for the general health and safety is a State obligation.

The "simple re-adjustment" you want is to make the UC program into the welfare program. Why duplicate the programs when their intended purpose is not the same?

UC is not welfare because it actually solves for the economic phenomena of Capitalism's natural rate of unemployment in a market friendly manner.

And it does so for a temporary period of time while the worker searches for another job. You want UC to be unending with no job searching involved.

Employers are not required to hire anyone, not even in alleged Right to Work States. Equal protection of the laws.

No, they are not required to hire anyone. But they WILL hire someone with the skills they need to run a profitable business.

Why is Labor required to have a work ethic that has the effect of depression wages instead of engendering an upward pressure on wages on an Institutional manner?

Why do you expect other to work to pay you for doing nothing at all?

 

[danielpalos]

I see the point. You miss the point that UC is partly paid for by the employee. There is nothing that the "re-adjusted" UC will provide that welfare does not already provide.

That can be changed. Capitalism's natural rate of unemployment is a State concern not a private sector concern.

And the state answers that with welfare and other social programs.

And there is no need to "re-adjust" a program so that it can do exactly what an existing program already does.

UC at the hypothetical equivalent to fourteen dollars an hour is much more effective at automatic stabilization and multiplier effect.