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No kidding. Who would vote for a 10% pay cut to pay for this? Even taking out what I currently pay for health care I'd be taking a big pay cut. Of course liberals are for it, they always think what someone else earns is only being held under government can spend it on someone else.
Math fail!
10% payroll tax = 6.6666 percent on employer plus 3.3333 percent on employee.
Since wages of minimum wage workers cannot be cut, these workers will not experience any direct wage reduction, therefore no 10% wage cut is likely for them.
10% payroll tax = 6.6666 percent on employer plus 3.3333 percent on employee.
Since wages of minimum wage workers cannot be cut, these workers will not experience any direct wage reduction, therefore no 10% wage cut is likely for them.
There would be an increase tax of 6.6666 percent of everyone's wages for the employer and a 3.3333 percent tax increase for all employees. Added together that's a 10% tax increase shared by both sides.
Do you really believe that employers won't take that into consideration when making employment offers or raising wages? And while minimum wage cannot be cut, every minimum wage worker will take home 3.3333 less in their paychecks than they do today.
There would be an increase tax of 6.6666 percent of everyone's wages for the employer and a 3.3333 percent tax increase for all employees. Added together that's a 10% tax increase shared by both sides.
Do you really believe that employers won't take that into consideration when making employment offers or raising wages? And while minimum wage cannot be cut, every minimum wage worker will take home 3.3333 less in their paychecks than they do today.
Please explain how a minimum wage employee would see more than a 3.3333% reduction in net wages. For some employees that 3.3333 percent would be worth it, for others not worth it. But they won't lose 10 percent.
It is a politically controversial topic and following the outcome of such things is a decent and informative way to keep abreast of which way the political "wind" is blowing in our country.
If it worthy of discussion, then why was there no statement or opinion included in the OP?
Are you pro or con?
If it worthy of discussion, then why was there no statement or opinion included in the OP?
Are you pro or con?
Eligible to vote for this measure?
I have to be pro or con to discuss something? I always thought the discussion led to the opinion, not the other way around.
I do not live in Colorado, so I doubt I'll be voting on it.
There would be an increase tax of 6.6666 percent of everyone's wages for the employer and a 3.3333 percent tax increase for all employees. Added together that's a 10% tax increase shared by both sides.
Do you really believe that employers won't take that into consideration when making employment offers or raising wages? And while minimum wage cannot be cut, every minimum wage worker will take home 3.3333 less in their paychecks than they do today.
Quote:
Originally Posted by freemkt
Please explain how a minimum wage employee would see more than a 3.3333% reduction in net wages. For some employees that 3.3333 percent would be worth it, for others not worth it. But they won't lose 10 percent.
Try reading my post again. I specifically said they would take home 3.3333 percent less due to the part of the new tax charged to employees. No where did I say they would lose 10% although I did say that would be the total shared by both sides. Which it would be.
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