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lostnfound

(16,161 posts)

7. Social security solvency also improves

Reply to vlyons (Original post)

Thu Feb 25, 2021, 03:36 PM

Feb 2021

Every dime of income for people who earn low wages is taxed at 12.4% (6.2% employer, 6.2% employee) that goes into the Social Security pool.

That’s not true for billionaire tax breaks.

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Highlight:

What isn't said about raising the minimum wage to $15/hr [View all] vlyons Feb 2021 OP

It was mentioned in today's hearing by a gentleman who worked for McDonald's. SamKnause Feb 2021 #1

Higher wages attract more workers... Wounded Bear Feb 2021 #2

Walmart raised wage to $10 an hour. Walmart employees spent more money where? Walmart. rickyhall Feb 2021 #3

If your business depends on paying people below a livable wage jmbar2 Feb 2021 #4

As well as it will save tax payers money. So many of the working poor rely on food stamps, WIC tulipsandroses Feb 2021 #5

Something about a rising tide... dchill Feb 2021 #6

Social security solvency also improves lostnfound Feb 2021 #7

Maybe we should index the taxes all businesses pay Mr.Bill Feb 2021 #8

THIS is the real trickle down economics...nt mitch96 Feb 2021 #9