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Or I'm paying for a boatload of overpaid government workers and maybe some EIC recipients too.
$468 dollars a year in Federal tax is paying for a boatload of overpaid government workers? In the lowest paid countries your taxes would pay for the yearly salary of 1-2 workers, but here not so much.
Tax cuts take a year or two to work their way into higher rents. (It wasn't until 1984 that Reagan's tax cuts caused MY rent to necessarily skyrocket, then I faced five rent increases in five years.)
Tax cuts --> ppl get more net income --> people SPEND their "extra" money (DUH), business responds to increased sales by hiring more workers --> unemployed ppl get a job and a paycheck and now don't have to live in mommy's basement or with umpteen roommates, so they go rent their own pad --> rental demand increases / rental vacancy decreases --> landlords raise rents Because They Can.
The previous skyrocket is the result of capped supply (protectionist zoning) not keeping up with increased demand (in-migration including illegal immigration).
more like capping ones skill sets to not get past McJobs
How much federal income tax did you expect a minimum wage earner to pay? How much did you expect them to pay for healthcare? How much did you expect them to save for retirement?
How much federal income tax did you expect a minimum wage earner to pay? How much did you expect them to pay for healthcare? How much did you expect them to save for retirement?
I leave that for Congress to decide via the tax code.
At under 2 hours pay per week net, they certainly set mw Federal Taxes low, so you need not worry about all these folks you "supposedly support".
How much federal income tax did you expect a minimum wage earner to pay? How much did you expect them to pay for healthcare? How much did you expect them to save for retirement?
How do you have 32,000 city data posts and still make minimum wage?
One need only look at the disastrous effects of California's Prop 13. Yay, tax avengers... they slashed property taxes! Win! ...well, for everyone with top 10% houses and no real need of local infrastructure, anyway.
Since Prop 13 passed revenues continue to increase...
The legislature was more than happy to kick the can down the road never thinking the voters would make Prop 13 law...
Since Prop 13 passed revenues continue to increase...
The legislature was more than happy to kick the can down the road never thinking the voters would make Prop 13 law...
It's far more complicated than that, no matter how many have ikons of Jarvis and Gann on their McMansion wall. Prop 13 was a corrosive cancer that destroyed California's fiscal sense and accountability, which by most viewpoints was a national leader and model through the early 1970s.
But hey, 1% property taxes, yay, we win.
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