Ok, I have no real problem with Woods, even if he mis-directs the facts. Still, he makes people “do the math”.
FTA:
You make less $29,000, you pay nothing in taxes. Above that, in a progressive way, with the wealthiest people paying the largest percentage, people do pay more in taxes.
So, $15/hr workers will be taxed (at an unspecified, progressive rate) on $2,200. Even IF 52%, that is magnitudes below what Woods calculated.
One could, OTOH, approach that larger number when factoring in other taxes found locally, such as Use Taxes (gasoline), Property Taxes (via rent payments) and Sales Taxes (some municipalities would move to the 10% threshold to make up for other losses).
The GOOD NEWS here would be States should see a revenue increase brought on by the “Stupidity Tax”...lottery sales.
So, $15/hr workers will be taxed (at an unspecified, progressive rate) on $2,200. Even IF 52%, that is magnitudes below what Woods calculated
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Okay. I see what you are saying now.