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To: SeekAndFind

All of the cumulative taxes though are like 60-some percent.

So less than 40% of that 53,000, is less than 21,200 after taxes.


13 posted on 10/05/2020 6:18:43 PM PDT by Secret Agent Man (Gone Galt; Not Averse to Going Bronson.)
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To: Secret Agent Man

That is an important point, and it plays a role in the minimum wage discussion here in the US; workers don’t file refunds for the Social Security and Medicare withholdings (and only recover some of the income taxes), so this is basically a way to force companies not so much to pay the workers, but to pay THE GOVERNMENT.


28 posted on 10/06/2020 5:44:26 AM PDT by kearnyirish2 (Affirmative action is economic warfare against white males (and therefore white families).)
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