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Sludgeyy@lemmy.world ⁨2⁩ ⁨weeks⁩ ago

A unskilled laborer makes about $18 or $36k a year.

They have to pay 12.4% to social security.

36k×.124=4,464

$4,464

Income Tax

$36k-12,400=23,600

12,400×.1=$1,240

23,600×.12=$2,832

$1,240+$2,832=$4072

$4072

$4,464+$4072=$8,536

These unskilled laborers have to pay nearly a quarter of their pay in SS tax and Income Tax.

$8,536/$1,000,000=.0085

That’s less than 1% to them.

Yes the rich do not need safety nets but they should help build them

If you were making a $1m salary. You could give up less than a precent of that and make one unskilled laborer’s life 25% better.

It’s crazy how much $8,536 more would help someone making $36,000

Yet the system is designed so it takes your $8,536 selling you a safety net

source
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