Unless someone like you cares a whole awful lot, nothing is going to get better. It’s not.

  • 14 Posts
  • 1.1K Comments
Joined 3 years ago
cake
Cake day: June 12th, 2023

help-circle

  • This just made me realize that after we fix our tax structure to tax capital gains and land more than labor we need to change the way the labor tax rate works. We shouldn’t be taxing on total income in my opinion, we should be taxing a rate off of your average hourly income.

    So if you work in a factory and make $30 an hour and work 10 hrs overtime a week at 1.5 an hour that’s 85,800, or $33 an hour. But if you work salaried for 100k and work 65 hours a week you make $29.58 an hour. The salaried in this example should be taxed less than the hourly. I am not sure what the new rates would look like, but both the hourly and salaried person would have a lower effective tax obligation after we fixed the first two things.