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The 28% included payroll taxes, sales tax, property tax and so forth. If you don’t include those, it’s closer to 60%. Someone with 3 kids earning $26k gets abo
by trollbridge 3mo ago
The 28% included payroll taxes, sales tax, property tax and so forth. If you don’t include those, it’s closer to 60%.
Someone with 3 kids earning $26k gets about $10,000 in cash back per year (wiping out $2k in payroll taxes) and $12k of food stamps. Assuming they spend 100% of their cash on either taxable items with 8% sales tax or rent with comparable property tax, that’s still net minus -$5,280.
If we include food stamps and the value of Medicaid at $500 per head per month it’s net minus -$40k. And that doesn’t include things like housing assistance and energy assistance.
Such a person DOES pay gross taxes… they just don’t owe on net.
- UncleMeat 3mo agoSomebody with three kids earning 26k is in extreme poverty. If them being a net receiver of government funds is considered a bad thing.... Christ.
- trollbridge 3mo agoDid anyone say it’s a bad thing? About 15-18% earn at that threshold of under. With the assistance, though, the amount of net is about the same as someone earning $80k-$100k but gets no assistance at all.
- UncleMeat 3mo agoThis sounds like you are saying it is a bad thing.
- Ferret7446 3mo agoIs it not a bad thing in the general case? People who produce net positive value for society subsidize the unsustainable reproduction of those who are a net drain. It is a very sterile perspective, but reality doesn't care about empathy, and you can't feed people with good feelings.
- UncleMeat 3mo agoI do not agree that contribution to society is measured in dollars.