| reply to pnh102
Re: O.k. all liberals..... said by pnh102:There is no incentive. Which is why every minimum wage hike results in the loss of jobs which pay at that level. However, removing withholding doesn't cost an employer anything, and it puts more money into a worker's pocket immediately. Does that worker still owe taxes? My guess that they would in many cases but I doubt many would save for taxes. |
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 pnh102Reptiles Are Cuddly And PrettyPremium
join:2002-05-02
Mount Airy, MD | said by moonpuppy:Does that worker still owe taxes? My guess that they would in many cases but I doubt many would save for taxes. I don't think any wages earned at minimum wage should be subject to any taxes. Just make the first (whatever the hourly minimum wage is) * 8 hours * 5 days * 52 weeks of money completely untaxed for everyone.
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Only SHATNER is Kirk. |
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| Thats the way it already is...People who make less than $15,000 a year don't pay any federal income taxes... $7.25*8*5*52 = wait for it... $15080 |
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| reply to pnh102
said by pnh102:said by moonpuppy:Does that worker still owe taxes? My guess that they would in many cases but I doubt many would save for taxes. I don't think any wages earned at minimum wage should be subject to any taxes. Just make the first (whatever the hourly minimum wage is) * 8 hours * 5 days * 52 weeks of money completely untaxed for everyone. Here is my point.
If it costs less for an employer to pay minimum wage and not do withholding, what incentive does that employer have to raise the salary of a good worker IF it will cost him more? |
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