• Sludgeyy
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    9 hours ago

    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