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Yo_Mama_Been_Loggin

(107,085 posts)
Fri Mar 5, 2021, 03:27 PM Mar 2021

Fact check: Meme uses misleading calculations on $15 minimum wage claim

Proponents of increasing the federal hourly minimum wage to $15 continue to push the measure in Congress. The proposed increase has split lawmakers along party lines.

Some critics online are promoting false claims that the increase would subject all full-time employees to a 52% income tax.

-snip-

FactCheck.org debunked claims that Biden had raised top income and payroll taxes from 37% to 52% on Feb. 2. FactCheck.org quoted Garrett Watson, a senior policy analyst with right-center-leaning think tank Tax Foundation.

“The 52% number for income and payroll tax is adding together the 39.6% rate above $400K and the proposed 12.4% Social Security payroll tax on income above $400K,” he said. “This would be the case for both employees and self-employed individuals, but it would be a top rate” — meaning income above the $400,000 — “not an effective rate on all income.”

-more-

https://www.msn.com/en-us/news/politics/fact-check-meme-uses-misleading-calculations-on-15-minimum-wage-claim/ar-BB1ehFDZ?li=BBnbcA1&ocid=hplocalnews

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Fact check: Meme uses misleading calculations on $15 minimum wage claim (Original Post) Yo_Mama_Been_Loggin Mar 2021 OP
Have not seen that stupidity, but I am sure some GOPer rube is pushing such junk. Hoyt Mar 2021 #1
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