For suicide prevention, try raising the minimum wage, research suggests

Re:For suicide prevention, try raising the minimum wage, res... by dlp211 on Thursday January 09, 2020 @09:01PM (#22007828)

1 is already mostly true at the federal level.

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Re:For suicide prevention, try raising the minimum wage, res... by MiroF on Friday January 10, 2020 @01:31AM (#22008794)

not for payroll it isn't

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Re:For suicide prevention, try raising the minimum wage, res... by jnordwick on Friday January 10, 2020 @02:21AM (#22009019)

Payroll tax is more akin to a government pension program in that your payment roll gets you money back when you retire. Counting as just another tax really cuts against years of government arguments to the contrary.

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Re:For suicide prevention, try raising the minimum wage, res... by dlp211 on Saturday January 11, 2020 @12:13AM (#22018288)

Family of 4 (2 kids under 16) in 2020 taking standard deduction, no childcare expenses, no tax deferred savings.

FICA Payroll taxes paid 50k * .0765 = 3825

Tax Burden 50k - 24800 (Standard deduction MFJ) = 25600

25600 = $2676.90 in FIT taxes owed before credits

Child tax credit $4000 EITC ~$750

Total Credits $4750

Total Federal tax burden -4750 + 3825 + 2677 = 1752/50000 = 3.5%

So not zero, but pretty darn close.

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