VetOfTheSeas@discuss.online to Work Reform · 1 day agoIt's riggeddiscuss.onlineimagemessage-square129linkfedilinkarrow-up11.08Karrow-down115
arrow-up11.07Karrow-down1imageIt's riggeddiscuss.onlineVetOfTheSeas@discuss.online to Work Reform · 1 day agomessage-square129linkfedilink
minus-squareSludgeyylinkfedilinkarrow-up1·9 hours agoA unskilled laborer makes about $18 or $36k a year. They have to pay 12.4% to social security. 36k×.124=4,464 $4,464 Income Tax $36k-12,400=23,600 12,400×.1=$1,240 23,600×.12=$2,832 $1,240+$2,832=$4072 $4072 $4,464+$4072=$8,536 These unskilled laborers have to pay nearly a quarter of their pay in SS tax and Income Tax. $8,536/$1,000,000=.0085 That’s less than 1% to them. Yes the rich do not need safety nets but they should help build them If you were making a $1m salary. You could give up less than a precent of that and make one unskilled laborer’s life 25% better. It’s crazy how much $8,536 more would help someone making $36,000 Yet the system is designed so it takes your $8,536 selling you a safety net
A unskilled laborer makes about $18 or $36k a year.
They have to pay 12.4% to social security.
36k×.124=4,464
$4,464
Income Tax
$36k-12,400=23,600
12,400×.1=$1,240
23,600×.12=$2,832
$1,240+$2,832=$4072
$4072
$4,464+$4072=$8,536
These unskilled laborers have to pay nearly a quarter of their pay in SS tax and Income Tax.
$8,536/$1,000,000=.0085
That’s less than 1% to them.
Yes the rich do not need safety nets but they should help build them
If you were making a $1m salary. You could give up less than a precent of that and make one unskilled laborer’s life 25% better.
It’s crazy how much $8,536 more would help someone making $36,000
Yet the system is designed so it takes your $8,536 selling you a safety net