Another unintended consequence is for those who receive social benefits (food stamps, medicaid, rental assistance, etc.) The increased income can reduce or eliminate those benefits.
Also at 20/hr most 12% taxpayers move to the 22%bracket, so newscum gets 22%of 20/hr instead of 12% of 15/hr.
Minimun wage hikes are for uncle Sam, not the poorly educated, indoctrinated, citizen
Also at 20/hr most 12% taxpayers move to the 22%bracket, so newscum gets 22%of 20/hr instead of 12% of 15/hr. Minimun wage hikes are for uncle Sam, not the poorly educated, indoctrinated, citizen***** per hour $15.00 x 2000 hours per year= $30,000 12% tax $3600 net $26,400, per hour $20 x 2000 $40000 22% tax $8,800 net $ 31200.
Another unintended consequence is for those who receive social benefits (food stamps, medicaid, rental assistance, etc.) The increased income can reduce or eliminate those benefits.
Also at 20/hr most 12% taxpayers move to the 22%bracket, so newscum gets 22%of 20/hr instead of 12% of 15/hr. Minimun wage hikes are for uncle Sam, not the poorly educated, indoctrinated, citizen
Also at 20/hr most 12% taxpayers move to the 22%bracket, so newscum gets 22%of 20/hr instead of 12% of 15/hr. Minimun wage hikes are for uncle Sam, not the poorly educated, indoctrinated, citizen***** per hour $15.00 x 2000 hours per year= $30,000 12% tax $3600 net $26,400, per hour $20 x 2000 $40000 22% tax $8,800 net $ 31200.