Liberal Economics
Bernie Sanders said at the debate last night that he wants minimum wage to be $15 per hour.
$15 X 40 hr week = $600
$600 X 52 weeks per yr = $31,200
Bernie Sanders wants free health care for all and was asked how he would pay for it. His answer was raise taxes to 52% on anybody making over $29,000 per year.
52% of $31,200 = $16,224 in tax
$31,200 - $16,224 = $14,976 is your pay
$14,976 ÷ 52 weeks = $288 per week
$288 ÷ 40 hr week = $7.20 per hour
So much for $15 an hour minimum wage
Think people!
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in reality it is the employer who is picking up the insurance, the employee is still making the current minimum wage or slightly less... so how many small/medium size businesses will go out of business because of this???????? 0 -
First mistake you made is trying to understand "liberal economics". Oxymoron at best.
I will give Bernie the benefit of the doubt and assume it is graduated to where the 52% applies after the $29k, meaning the 2K in your example would be subject to that level of tax. But who knows, trying to rationalize insanity only leads to insanity.
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As an avowed socialist, his economic principle is simple: We will take everything you have to give it to those who want everything. 0 -
Needs to deported to the Socialist Country of his choice. Passport revoked.
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person gets 12000,00 personal deduction unless they take that too 0
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