Minimum wage increase

[SideShow Bob]

I should get back into automation; putting a hamburger together with a robot can't be that hard.

Automation is coming one way or another to the service industry. It will be disruptive. This sort of thing increases the demand for it.

You may be too late, they already have a fresh pizza vending machines. Hamburgers are probably in the works.....

[Gman]

Answer:Thus, only about 50% of the country pays any taxes at all although a higher percentage had taxes originally deducted.

...and everyone should have some skin in the game.

[y4m4]

You may be too late, they already have a fresh pizza vending machines. Hamburgers are probably in the works.....

They even took my [old] job! Damn it.

[GilpinGuy]

Answer:
SS, Medicare yes, not refundable and deducted at flat percentages. Everything else: generally they don't pay (deducted sometimes, but refunded and then some). With things like Earned Income Credit +refunds the government gives them substantially more than they ever paid in. Thus, only about 50% of the country pays any taxes at all although a higher percentage had taxes originally deducted.

Yeah, I knew the 50% pay no taxes bit, I just thought federal, and they actually get paid to be "low income". SS and Medicare...hmmmm.

How much interest, if any, is earned on the taxes withheld throughout the year, then finally returned?

[roberth]

Yeah, I knew the 50% pay no taxes bit, I just thought federal, and they actually get paid to be "low income". SS and Medicare...hmmmm.

How much interest, if any, is earned on the taxes withheld throughout the year, then finally returned?

Zero, that is one of the reasons I try to pay a little. My money is better off in my hands than the government's.

[Irving]

I think he means interest earned by the government. We all know they aren't paying us interest! Lololol

[Gman]

I think he means interest earned by the government. We all know they aren't paying us interest! Lololol

It's the government. You know they don't invest it. That would be to our benefit.

[GilpinGuy]

I think he means interest earned by the government. We all know they aren't paying us interest! Lololol

This is my point. Of course the government wouldn't give you was is rightfully yours.

[roberth]

This is my point. Of course the government wouldn't give you was is rightfully yours.

Oops sorry.

Don't worry, they spent it wisely on benefits to parasites, then they borrowed from TBTF to pay the refunds.

[TheGrey]

Stupid question. Do minimum wage earners actually pay income, payroll, SS, etc. taxes? After they get their "tax return" my guess is no. But my cynical mind thinks, "Higher minimum wage means more taxes collected, and lefties like to collect taxes to waste on stupid shit, so....higher minimum wage it is."

Actually, yes. They pay income taxes, and it's not always recoverd at tax time.