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You'll have to work that out with Finn_Jarber. He claims an income of $81,000 is upper class in Sweden.
The median hourly wage for all workers in America is $17.81 in 2016. That's $37 000 at 2080 hours a year.
Since Swedes get far more time off than Americans it makes more sense to compare the hourly wage.
Stop with the nonsense. The top 1% donor class own a huge proportion of the total stock market in America. Its close to 50% I believe.
And that matters how? Sink stocks and you eliminate tens of millions if not 100 million or more workers' and retirees' pensions and retirement benefits. When stocks soar, they benefit. The 1% merely hitched a ride on that sure bet. Neither the US Federal Reserve nor the US Federal Government will let the market crash due to the havoc it would wreak when all those people depending on their retirement benefits get wiped out.
Why do you deliberately ignore that someone making $60 000 in Sweden pays 30.5% in effective payroll, federal and state income taxes? You've already been told that they have earned income tax credits for the middle class.
Instead you are obsessing with nominal rates which no one pays. Its the effective rate that matters.
Effective tax rates for the lowest quartile of Americans are negative. In Sweden, not so much. Thanks for proving the point of the OP: their tax rates are more regressive.
I posted a link to a BLS website and you post a liberal news station. I win.
Your link correctly points out there were no local minimum wage rates in the 60's.
You also ignored that the percentage of Americans working the federal minimum wage is at a much lower level today.
CNBC is liberal? Its a business channel. Its not MSNBC. You can claim you "win" all you want. You can find this information in lots of mainstream media outlets. The minimum wage was at $11 almost 50 years ago.
Its not important how many workers making the EXACT federal minimum wage. When tens of millions make $7.50, $8.00, $8.50, thats disgraceful.
CNBC is liberal? Its a business channel. Its not MSNBC. You can claim you "win" all you want. You can find this information in lots of mainstream media outlets. The minimum wage was at $11 almost 50 years ago.
Its not important how many workers making the EXACT federal minimum wage. When tens of millions make $7.50, $8.00, $8.50, thats disgraceful.
CNBC is liberal? Its a business channel. Its not MSNBC. You can claim you "win" all you want. You can find this information in lots of mainstream media outlets. The minimum wage was at $11 almost 50 years ago.
Its not important how many workers making the EXACT federal minimum wage. When tens of millions make $7.50, $8.00, $8.50, thats disgraceful.
Two people making $7.50 an hour in some parts of the county can buy a house and live a decent life. In the Bay Area they would live under a bridge.
Effective tax rates for the lowest quartile of Americans are negative. In Sweden, not so much. Thanks for proving the point of the OP: their tax rates are more regressive.
I've never denied that both the GOP and the Democrats focus on keeping wages low for the bottom and making sure that taxpayers pick up the slack by providing food stamps and earned income tax credits. Its a deliberate policy instead of demanding stronger unions with better benefits and higher minimum wages so the bottom can earn more money and pay more taxes like in other developed countries.
Why do you deliberately ignore that someone making $60 000 in Sweden pays 30.5% in effective payroll, federal and state income taxes?
They're in the 51% tax bracket. Let's put US $60,000 earners in that tax bracket, as well. Plus add a 25% VAT tax on top of that. Then we can have NHC, etc., like Sweden. That would be a "Yes" vote from you Mike. It's what you advocate.
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