healthmyths
Platinum Member
- Sep 19, 2011
- 29,353
- 10,803
- 900
Not only will the minimum wage person have to pay 60¢ an hour MORE in Social Security and Medicare tax but so will the employer.
Most people are totally ignorant that employers pay 6.2% in Social security taxes and 1.45% in Medicare taxes.
So the employer is not only faced with $15.00 but another 60¢ per hour in taxes!
So who is the winner? Federal Government! $1.20 per hour in increased tax revenue!
OF course the innovative American employer will not continue to keep these 1.9 million kids !
They'll be able to buy systems like the below and GET depreciation, NO Workman's comp,, NO unemployment taxes... SO yea... LET's LAY off 1.9 million more people!
NO f..king kidding this is a TAX increase for Obama!
But ignorant people like Obama don't seem to understand pictures like this:
This is how McDonalds etc. will replace these 1.9 million kids living at home making minimum wage !
Most people are totally ignorant that employers pay 6.2% in Social security taxes and 1.45% in Medicare taxes.
So the employer is not only faced with $15.00 but another 60¢ per hour in taxes!
So who is the winner? Federal Government! $1.20 per hour in increased tax revenue!
OF course the innovative American employer will not continue to keep these 1.9 million kids !
They'll be able to buy systems like the below and GET depreciation, NO Workman's comp,, NO unemployment taxes... SO yea... LET's LAY off 1.9 million more people!
NO f..king kidding this is a TAX increase for Obama!
But ignorant people like Obama don't seem to understand pictures like this:
This is how McDonalds etc. will replace these 1.9 million kids living at home making minimum wage !