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> That’s a $22.4 million of unearned income for the children of the rich, whereas the working class get taxed on their first dollar earned. A person could at le
by Breadmaker 8y ago
> That’s a $22.4 million of unearned income for the children of the rich, whereas the working class get taxed on their first dollar earned.
A person could at least argue that my parents earned the capital they live off of. But me? I didn’t actually earn it.
- LarryDarrell 8y agoAt least she is self aware. Most people have a blind spot when they are the receiving end. For example, "This was my Grandpa's watch." is more often said than "I bought this apartment with my Grandpa's $500,000". The original ownership of physical items is flaunted, the original ownership of money is quickly hidden.
- gowld 8y agoNitpick, but this is not quite true. There is the Earned Income Credit, as well as various welfare payments that working class are entitled to.
- inscionent 8y agoFor a single adult with no children EIC goes away at $15,000; that is a full time job at less than $6/hr. The 'working' class shouldn't need be dependent on welfare and assistance programs.
- deleted 8y ago[deleted]
- whoTube- 8y agohow are working class taxed on first dollar earned? most dont pay any federal income tax.
- dragonwriter 8y ago> how are working class taxed on first dollar earned? Payroll tax
- undersuit 8y agoEven if it's a benefit you are still taxed SS and Medicare no matter how little you earn.