Job Creators Network Member Warns: Democrats Are Quietly Trying to Pass a Massive Payroll Tax Increase | |
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Anonymous Coward (OP) User ID: 75708546 United States 07/26/2019 02:14 PM Report Abusive Post Report Copyright Violation | Re: Job Creators Network Member Warns: Democrats Are Quietly Trying to Pass a Massive Payroll Tax Increase Bill sponsor and Social Security Chairman John Larson (D-CT) suggests, “For the average worker this would mean paying an additional 50 cents per week.” But that’s just the first year. For a worker making about $15 an hour or $30,000 annually, by 2029 her combined Social Security taxes would rise from $3,720 to $4,020. By 2043 her annual Social Security taxes would rise further to $4,440, or $720 more than today. Over the entire 25-year period, she would lose nearly $10,000 in added “contributions” and lower wages. The payroll tax hikes wouldn’t end there. Some estimates peg Democrats’ proposed new paid leave program as costing the same $30,000 per year worker an extra $870 per year due to a new 2.9% payroll tax for that. And Medicare is in even worse financial shape than Social Security, so shoring up that system — much less paying for “Medicare for All” and its own possible new 7.5% payroll tax — will almost certainly require additional taxes on workers. Are Americans ready for this brave new world of sky-high payroll taxes? The potential total (14.8% eventually for Social Security, 2.9% for paid leave, and 7.5% for Medicare for All) would sum to an unprecedented 25% federal payroll tax rate on all workers, starting with the first dollar they earn. That’s up from about 15% today, without even counting payroll taxes that fund unemployment benefits. (And that’s also without adding higher gas taxes and new carbon and value added taxes, which some have also proposed and would also disproportionately affect low- and middle-income workers.) [link to www.aei.org] |
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deplorable scottfree User ID: 77833153 United States 07/26/2019 02:46 PM Report Abusive Post Report Copyright Violation | Re: Job Creators Network Member Warns: Democrats Are Quietly Trying to Pass a Massive Payroll Tax Increase Democrats can't even do quiet. What a fail. That's all I got from the story. J 17:15: "I pray not that Thou shouldst take them out of the world, but that Thou shouldst keep them from the evil. Truth, beauty and virtue ... all the things that THEY hate. All the things God loves. |
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Jake User ID: 77849624 United States 07/26/2019 04:21 PM Report Abusive Post Report Copyright Violation | Re: Job Creators Network Member Warns: Democrats Are Quietly Trying to Pass a Massive Payroll Tax Increase Just to cover Medicare for all the taxes taken out of your paycheck would have to be quadrupled Evil controls the ignorant... Climate change is a hoax so is the vax you have been fear-porned into compliance! Definition Satan from the bible: Satan (Rev 12:7) exercising his subtle (indirect) impact on heathen governments (powers) – i.e. accomplishing his hellish agenda from "behind the scenes." |
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Anonymous Coward User ID: 74457708 United States 07/26/2019 04:49 PM Report Abusive Post Report Copyright Violation | Re: Job Creators Network Member Warns: Democrats Are Quietly Trying to Pass a Massive Payroll Tax Increase |
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Anonymous Coward User ID: 77841982 Germany 07/26/2019 07:11 PM Report Abusive Post Report Copyright Violation | Re: Job Creators Network Member Warns: Democrats Are Quietly Trying to Pass a Massive Payroll Tax Increase payroll taxes were causing my biz to struggle, so I had to make everyone 1099 .... this was in earlier 2000’s .... higher payroll taxes will devastate more businesses...so they want to raise minimum wage by penalizing even further the business owners? what do they not understand? this is like uniparty tactics .... working both sides to destroy the people and make this nation a 3rd shithole |
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Terrebonne User ID: 77825204 United States 07/26/2019 08:52 PM Report Abusive Post Report Copyright Violation | Re: Job Creators Network Member Warns: Democrats Are Quietly Trying to Pass a Massive Payroll Tax Increase If the democrats win the White House in 2020, there will be no stopping them, from increasing taxes. . Last Edited by Terrebonne on 07/26/2019 08:54 PM INFJ; We are the protectors. |
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