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> If you only tax for workers above a certain wage [...] you might make it work. Actually, payroll taxes usually do the opposite: "It only applies to the first
by raldi 10y ago
> If you only tax for workers above a certain wage [...] you might make it work.
Actually, payroll taxes usually do the opposite: "It only applies to the first $110K in earnings. That way, it makes sure to capture a significant portion of the earnings of all poor-to-middle-class people, and then cut off before capturing a significant portion of the earnings of any rich people."
http://gawker.com/5986230/the-unfairness-and-stupidity-of-the-payroll-tax http://gawker.com/5986230/the-unfairness-and-stupidity-of-th...