4 ms·
You'd make more money taking the $15 job than the $12 job. Your W-2 says how many hours you worked (and how much overtime, if any). The federal government has a
by missedthecue 6y ago
You'd make more money taking the $15 job than the $12 job. Your W-2 says how many hours you worked (and how much overtime, if any). The federal government has access to those W-2s, and can determine the subsidy amount using it.
- midasuni 6y agoYour example said 12 plus 4 15 plus 1 I’d expect it to be more like 12 plus 4 16 plus 3 20 plus 2 24 plus 1 A 20% marginal tax rate. The hour thing seems massively corruptible
- missedthecue 6y agoThe wage subsidy would only close the gap between the wage and 16. If you made 16, there would be no subsidy.
- midasuni 6y agoEarn 16 get no subsidy Earn 15 get 1 subsidy Earn 12 get 4 subsidy What’s the difference to the worker? Fork 4/3rds harder to earn 16 not 12, see no gain. Equivelent of 100% marginal tax.