Trump will leave office with a historically bad economic record

[danielpalos]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

 

[Blues Man]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

it won't raise any additional revenue.

all it will do is raise the poverty line to 31200 a year

 

[danielpalos]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

it won't raise any additional revenue.

all it will do is raise the poverty line to 31200 a year

not at all. raising the minimum wage to fifteen dollars an hour will generate around nine times more in federal income tax revenue than our current minimum wage does now.

 

[Blues Man]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

it won't raise any additional revenue.

all it will do is raise the poverty line to 31200 a year

not at all. raising the minimum wage to fifteen dollars an hour will generate around nine times more in federal income tax revenue than our current minimum wage does now.

Do you care to prove that with some actual data?

 

[danielpalos]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

it won't raise any additional revenue.

all it will do is raise the poverty line to 31200 a year

not at all. raising the minimum wage to fifteen dollars an hour will generate around nine times more in federal income tax revenue than our current minimum wage does now.

Do you care to prove that with some actual data?

I used California for State information.

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

 

[Blues Man]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

it won't raise any additional revenue.

all it will do is raise the poverty line to 31200 a year

not at all. raising the minimum wage to fifteen dollars an hour will generate around nine times more in federal income tax revenue than our current minimum wage does now.

Increasing the minimum wage to $15 an hour would increase the overall payroll for wage and salary employees by 10 percent.

so explain to me how a 10% increase in salary results in a 900% increase in tax revenues

 

[Blues Man]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

it won't raise any additional revenue.

all it will do is raise the poverty line to 31200 a year

not at all. raising the minimum wage to fifteen dollars an hour will generate around nine times more in federal income tax revenue than our current minimum wage does now.

Do you care to prove that with some actual data?

I used California for State information.

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

you do realize you have to show your work don't you?

This is the real world

 

[hadit]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

You know better than this, you've been taught.

 

[danielpalos]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

it won't raise any additional revenue.

all it will do is raise the poverty line to 31200 a year

not at all. raising the minimum wage to fifteen dollars an hour will generate around nine times more in federal income tax revenue than our current minimum wage does now.

Do you care to prove that with some actual data?

I used California for State information.

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

you do realize you have to show your work don't you?

This is the real world

Taxes are progressive.

The current minimum wage rate generates around 194 dollars in federal income tax revenue. A fifteen dollar an hour minimum wage generates around 1852 dollars in federal income tax revenue; around nine times more in federal income tax revenue.

 

[hadit]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

it won't raise any additional revenue.

all it will do is raise the poverty line to 31200 a year

not at all. raising the minimum wage to fifteen dollars an hour will generate around nine times more in federal income tax revenue than our current minimum wage does now.

And what will you do with those laid off because their work is no longer worth minimum wage? And, of course, you ignore the ripple effect of doubling the MW, which would be huge. You have to ignore it or your fantasy would fall apart.

 

[danielpalos]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

You know better than this, you've been taught.

Employers won't cut employees more than nine to one. Anything less than that still generates more federal income tax revenue than more people working at the current minimum wage rate.

 

[Blues Man]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

it won't raise any additional revenue.

all it will do is raise the poverty line to 31200 a year

not at all. raising the minimum wage to fifteen dollars an hour will generate around nine times more in federal income tax revenue than our current minimum wage does now.

Do you care to prove that with some actual data?

I used California for State information.

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

you do realize you have to show your work don't you?

This is the real world

Taxes are progressive.

The current minimum wage rate generates around 194 dollars in federal income tax revenue. A fifteen dollar an hour minimum wage generates around 1852 dollars in federal income tax revenue; around nine times more in federal income tax revenue.

no it doesn't.

People making Federal MW pay no income tax

People making 15 an hour pay 58 dollars in federal income tax

The tax paid by anyone making 15 or more an hour now does not change so there is no way in hell you get a 900% revenue increase

 

[danielpalos]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

it won't raise any additional revenue.

all it will do is raise the poverty line to 31200 a year

not at all. raising the minimum wage to fifteen dollars an hour will generate around nine times more in federal income tax revenue than our current minimum wage does now.

And what will you do with those laid off because their work is no longer worth minimum wage? And, of course, you ignore the ripple effect of doubling the MW, which would be huge. You have to ignore it or your fantasy would fall apart.

More federal income tax revenue means we can afford unemployment compensation for simply being unemployed.

 

[danielpalos]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

it won't raise any additional revenue.

all it will do is raise the poverty line to 31200 a year

not at all. raising the minimum wage to fifteen dollars an hour will generate around nine times more in federal income tax revenue than our current minimum wage does now.

Do you care to prove that with some actual data?

I used California for State information.

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

you do realize you have to show your work don't you?

This is the real world

Taxes are progressive.

The current minimum wage rate generates around 194 dollars in federal income tax revenue. A fifteen dollar an hour minimum wage generates around 1852 dollars in federal income tax revenue; around nine times more in federal income tax revenue.

no it doesn't.

People making Federal MW pay no income tax

People making 15 an hour pay 58 dollars in federal income tax

The tax paid by anyone making 15 or more an hour now does not change so there is no way in hell you get a 900% revenue increase

What information are you using? Show your work. I gave you a website that calculates tax information based on wage rate.

 

[Blues Man]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

You know better than this, you've been taught.

Employers won't cut employees more than nine to one. Anything less than that still generates more federal income tax revenue than more people working at the current minimum wage rate.

In fact it is the people working low wage jobs that lose their jobs not the people already making 15 an hour.

Not to mention that a 15 an hour MW will raise the cost of literally everything so take into account the people who will lose jobs or lose full time work and have to work part time and the fact that everything will cost more you don't really gain anything

 

[Blues Man]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

it won't raise any additional revenue.

all it will do is raise the poverty line to 31200 a year

not at all. raising the minimum wage to fifteen dollars an hour will generate around nine times more in federal income tax revenue than our current minimum wage does now.

Do you care to prove that with some actual data?

I used California for State information.

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

you do realize you have to show your work don't you?

This is the real world

Taxes are progressive.

The current minimum wage rate generates around 194 dollars in federal income tax revenue. A fifteen dollar an hour minimum wage generates around 1852 dollars in federal income tax revenue; around nine times more in federal income tax revenue.

no it doesn't.

People making Federal MW pay no income tax

People making 15 an hour pay 58 dollars in federal income tax

The tax paid by anyone making 15 or more an hour now does not change so there is no way in hell you get a 900% revenue increase

What information are you using? Show your work. I gave you a website that calculates tax information based on wage rate.

and you didn't show how you got a 900% revenue increase

Income Tax Calculator: 2023-2024 Refund Estimator - NerdWallet

Estimate your federal refund or calculate your potential tax bill. Enter your income, filing status, age, and common deductions and adjustments to learn more.

www.nerdwallet.com

punch in 31200 annual salary claiming 1 dependent and the federal income tax for that person is 58 dollars a year

 

[danielpalos]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

You know better than this, you've been taught.

Employers won't cut employees more than nine to one. Anything less than that still generates more federal income tax revenue than more people working at the current minimum wage rate.

In fact it is the people working low wage jobs that lose their jobs not the people already making 15 an hour.

Not to mention that a 15 an hour MW will raise the cost of literally everything so take into account the people who will lose jobs or lose full time work and have to work part time and the fact that everything will cost more you don't really gain anything

It is a simple cost of living adjustment. And, prices won't double even if the minimum wage does. Some studies show an increase in the price of a "big mac" to be around thirty cents.

 

[danielpalos]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

it won't raise any additional revenue.

all it will do is raise the poverty line to 31200 a year

not at all. raising the minimum wage to fifteen dollars an hour will generate around nine times more in federal income tax revenue than our current minimum wage does now.

Do you care to prove that with some actual data?

I used California for State information.

Income Tax Calculator - USA - Salary After Taxes

neuvoo™ 【 Online Salary and Tax Calculator 】 provides your income after tax if you work in USA. We calculate how much your payroll will be after tax deductions in any region. Find your net pay for any salary. Our data is based on 2020 tax tables from USA

neuvoo.com

you do realize you have to show your work don't you?

This is the real world

Taxes are progressive.

The current minimum wage rate generates around 194 dollars in federal income tax revenue. A fifteen dollar an hour minimum wage generates around 1852 dollars in federal income tax revenue; around nine times more in federal income tax revenue.

no it doesn't.

People making Federal MW pay no income tax

People making 15 an hour pay 58 dollars in federal income tax

The tax paid by anyone making 15 or more an hour now does not change so there is no way in hell you get a 900% revenue increase

What information are you using? Show your work. I gave you a website that calculates tax information based on wage rate.

and you didn't show how you got a 900% revenue increase

Income Tax Calculator: 2023-2024 Refund Estimator - NerdWallet

Estimate your federal refund or calculate your potential tax bill. Enter your income, filing status, age, and common deductions and adjustments to learn more.

www.nerdwallet.com

punch in 31200 annual salary claiming 1 dependent and the federal income tax for that person is 58 dollars a year

I used it for 30k with no dependents and got this amount:

Estimated federal taxes $1,914

 

[Blues Man]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

You know better than this, you've been taught.

Employers won't cut employees more than nine to one. Anything less than that still generates more federal income tax revenue than more people working at the current minimum wage rate.

In fact it is the people working low wage jobs that lose their jobs not the people already making 15 an hour.

Not to mention that a 15 an hour MW will raise the cost of literally everything so take into account the people who will lose jobs or lose full time work and have to work part time and the fact that everything will cost more you don't really gain anything

It is a simple cost of living adjustment. And, prices won't double even if the minimum wage does. Some studies show an increase in the price of a "big mac" to be around thirty cents.

where did I say they would double? I said the price of everything would go up and they will.

So a Big Mac is going to go up 7.5% if we apply that increase to everything then your grocery bill will go up 7.5%, your clothing will go up 7.5%, and you will pay more sales tax on all those things that go up 7.5% now apply that 7.5% to everything you buy in a year and add in the additional sales taxes and tell me if you still come out ahead



So now it's just not the people making less than 15 an hour that get paid more but you have to give a "cost of living" raise to everyone else too?

 

[hadit]

except they're still geared to soak the middle class

Indeed. And the trump/GOP tax bill is about to raise taxes every year for the middle class.for a.while, starting in 2021. We shall see which party wants to lower taxes for the middle class.

neither does neither will

oh sure they'll tell you that income taxes might be cut a little but they'll just broaden the tax base like Reagan did and people will really end up paying more

raise the minimum wage to raise tax revenue!

You know better than this, you've been taught.

Employers won't cut employees more than nine to one. Anything less than that still generates more federal income tax revenue than more people working at the current minimum wage rate.

And you think that over half the workforce getting raises won't have any impact on the labor market? Remember, 60%+ of the workforce earns $20/hr or less. All of them are going to either get a raise because they currently earn less then $15/hr or demand one because they don't want to go from making well over MW to making the same as some guy who just walked in off the street, or they'll quit. No, the only way you safely get to $15/hr is to raise it slowly enough that by the time you get there, the usual suspects (that's you) will be demanding $25/hr. Basically, you're looking to wreck the economy attempting to squeeze a few more dollars out of the working poor to feed the monster federal government.