Comment on It's rigged
Sludgeyy@lemmy.world 2 weeks agoA 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