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15 dollars minimum wage means these people will now owe taxes its all government extortion

 
Undestroyer
Truth

User ID: 2603460
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03/03/2021 09:11 AM

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15 dollars minimum wage means these people will now owe taxes its all government extortion
im not a tax accountant but im pretty sure doubling the minimum wage is going to have tax ramificatiins for those individuals.

employers will pay the government and the people will probably barely take home anymore net.

its extortion.

Last Edited by Undestroyer on 03/03/2021 09:11 AM
You cannot destroy my vision when you see my vision undestroyed because I am just an undestroyer.

Thread: Food Combining Made Easy by Herbert Shelton a progenitor from the Natural Hygienist Movement

"I am a hunter of peace, one who chases the elusive mayfly of love... errr something like that." -Vash the Stampede
Undestroyer  (OP)
Truth

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03/03/2021 10:15 AM

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Re: 15 dollars minimum wage means these people will now owe taxes its all government extortion
JollyBump
You cannot destroy my vision when you see my vision undestroyed because I am just an undestroyer.

Thread: Food Combining Made Easy by Herbert Shelton a progenitor from the Natural Hygienist Movement

"I am a hunter of peace, one who chases the elusive mayfly of love... errr something like that." -Vash the Stampede
Anonymous Coward
User ID: 79533415
Switzerland
03/03/2021 10:18 AM
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Re: 15 dollars minimum wage means these people will now owe taxes its all government extortion
They're trying to completely kill small business in favor of mega corporations. Dems have been the party of 'The Man' since 2000.
Anonymous Coward
User ID: 74158552
United States
03/03/2021 11:23 AM
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Re: 15 dollars minimum wage means these people will now owe taxes its all government extortion
im not a tax accountant but im pretty sure doubling the minimum wage is going to have tax ramificatiins for those individuals.

employers will pay the government and the people will probably barely take home anymore net.

its extortion.
 Quoting: Undestroyer


I used to do payroll for a medium size company. You are 100% correct Op.

It is actually DOUBLE extortion.

The employee pays taxes on his or her labor.

The employer also pays taxes on his or her employees labor on top of the taxes you get taxed for your labor.
Anonymous Coward
User ID: 80103004
United States
03/03/2021 11:27 AM
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Re: 15 dollars minimum wage means these people will now owe taxes its all government extortion
im not a tax accountant but im pretty sure doubling the minimum wage is going to have tax ramificatiins for those individuals.

employers will pay the government and the people will probably barely take home anymore net.

its extortion.
 Quoting: Undestroyer


I used to do payroll for a medium size company. You are 100% correct Op.

It is actually DOUBLE extortion.

The employee pays taxes on his or her labor.

The employer also pays taxes on his or her employees labor on top of the taxes you get taxed for your labor.
 Quoting: Anonymous Coward 74158552


Not only that

Im an employer,
Before you get a penny the government takes 7.3% from me (that you never even hear of or see) Secondary leaches then also take 18% which you never see which pays for unemployment insurance and workmans comp (thats 25.3% that could of been added to your salary)

Then you get your salary and the government takes 7.3% from you for social security. Then they take 25% or so for federal taxes and then they take 0-11% for state taxes depending on the state you are in.

And then when you go to buy something they charge you a sales tax on your quintuple taxed money. You live a serf under the mafia which calls itself your government
Deplorablemeeeeeeeee!​

User ID: 79666500
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03/03/2021 11:30 AM

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Re: 15 dollars minimum wage means these people will now owe taxes its all government extortion
Winner winner chicken dinner!
Anonymous Coward
User ID: 78902305
United States
03/03/2021 11:31 AM
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Re: 15 dollars minimum wage means these people will now owe taxes its all government extortion
im not a tax accountant but im pretty sure doubling the minimum wage is going to have tax ramificatiins for those individuals.

employers will pay the government and the people will probably barely take home anymore net.

its extortion.
 Quoting: Undestroyer


Very good, you understand. Raise wages but don't adjust tax rates for the inflation that will cause and you bring millions of people onto the tax rolls without actually benefitting them.ohyeah Did I mention that this also peels hundreds of thousands off of eligibility for government subsidies? And the idiots will cheer and thank the government until reality sinks in.
Half Past Midnight

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03/03/2021 11:53 AM
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Re: 15 dollars minimum wage means these people will now owe taxes its all government extortion
True, true, true.
Crypto-Tard

User ID: 78144147
United States
03/03/2021 12:02 PM

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Re: 15 dollars minimum wage means these people will now owe taxes its all government extortion
im not a tax accountant but im pretty sure doubling the minimum wage is going to have tax ramificatiins for those individuals.

employers will pay the government and the people will probably barely take home anymore net.

its extortion.
 Quoting: Undestroyer


I used to do payroll for a medium size company. You are 100% correct Op.

It is actually DOUBLE extortion.

The employee pays taxes on his or her labor.

The employer also pays taxes on his or her employees labor on top of the taxes you get taxed for your labor.
 Quoting: Anonymous Coward 74158552


Taxes on top of taxes.

By design.

It's easier to control beggars.

benjamin meme
When you are afraid of losing your life, you have already lost your life.

Don't be afraid.
Anonymous Coward
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United States
03/03/2021 12:03 PM
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Re: 15 dollars minimum wage means these people will now owe taxes its all government extortion
Yes it will get people off welfare and they will be paying taxes.
Undestroyer  (OP)
Truth

User ID: 2603460
United States
03/03/2021 12:57 PM

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Re: 15 dollars minimum wage means these people will now owe taxes its all government extortion
im not a tax accountant but im pretty sure doubling the minimum wage is going to have tax ramificatiins for those individuals.

employers will pay the government and the people will probably barely take home anymore net.

its extortion.
 Quoting: Undestroyer


I used to do payroll for a medium size company. You are 100% correct Op.

It is actually DOUBLE extortion.

The employee pays taxes on his or her labor.

The employer also pays taxes on his or her employees labor on top of the taxes you get taxed for your labor.
 Quoting: Anonymous Coward 74158552


Not only that

Im an employer,
Before you get a penny the government takes 7.3% from me (that you never even hear of or see) Secondary leaches then also take 18% which you never see which pays for unemployment insurance and workmans comp (thats 25.3% that could of been added to your salary)

Then you get your salary and the government takes 7.3% from you for social security. Then they take 25% or so for federal taxes and then they take 0-11% for state taxes depending on the state you are in.

And then when you go to buy something they charge you a sales tax on your quintuple taxed money. You live a serf under the mafia which calls itself your government
 Quoting: Anonymous Coward 80103004


thank you for elucidating all of this.

we really need less government.

this is only one sector of extortion the government is currently involved in.

damned
You cannot destroy my vision when you see my vision undestroyed because I am just an undestroyer.

Thread: Food Combining Made Easy by Herbert Shelton a progenitor from the Natural Hygienist Movement

"I am a hunter of peace, one who chases the elusive mayfly of love... errr something like that." -Vash the Stampede
Anonymous Coward
User ID: 79629482
United States
03/03/2021 01:08 PM
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Re: 15 dollars minimum wage means these people will now owe taxes its all government extortion
im not a tax accountant but im pretty sure doubling the minimum wage is going to have tax ramificatiins for those individuals.

employers will pay the government and the people will probably barely take home anymore net.

its extortion.
 Quoting: Undestroyer


AND the money won't buy them any more because prices will just rise to match the new wages!
Oldcrow64
"There's shadows in life, babe"

User ID: 44888894
United States
03/03/2021 01:35 PM

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Re: 15 dollars minimum wage means these people will now owe taxes its all government extortion
Taxes will go up.

That extra money will be mostly eaten up as small business close.

The State makes out in the end.

banana2
Greetings from Camp Bader-Ginsberg. Weather is fine, wish you were here.
Up the Voltage!
Anonymous Coward
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United States
03/03/2021 01:42 PM
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Re: 15 dollars minimum wage means these people will now owe taxes its all government extortion
im not a tax accountant but im pretty sure doubling the minimum wage is going to have tax ramificatiins for those individuals.

employers will pay the government and the people will probably barely take home anymore net.

its extortion.
 Quoting: Undestroyer


5a
Anonymous Coward
User ID: 80094939
United States
03/03/2021 01:47 PM
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Re: 15 dollars minimum wage means these people will now owe taxes its all government extortion
im not a tax accountant but im pretty sure doubling the minimum wage is going to have tax ramificatiins for those individuals.

employers will pay the government and the people will probably barely take home anymore net.

its extortion.
 Quoting: Undestroyer


5a
 Quoting: Anonymous Coward 80094939


What is also going to be a surprise to those earning minimum wage now with childern and going to $15 a hour they will be earning to much to receive any extra benefits such as food stamps if they have childern or free medical..

But don't tell those dummies they just see it gives them more money but their cost are going to go up and all the freebies are going away..





GLP