Payroll Taxes and the Minimum Wage

It is time we took a serious look at our entire tax system and started reforming it. We need to restore fiscal sanity in Washington and, more importantly, create a system that stimulates the economy and helps average Americans, not one that takes 12% of even the poorest citizens’ income for dubious purposes. We also need a tax system in which the rich pay their fair share.

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Would Raising the Minimum Wage Really Help the Economy?

Nor would the increased wage necessarily raise people out of poverty. A working mother with two kids that earned Nebraska’s increased minimum wage of $9 an hour would make $17,280 a year if she worked full time (40 hours a week). That woman would still be below the federal poverty level. The U.S. Department of Health and Human Services has set the poverty level for a family of three at $19,790 a year.

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