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A comment on Dan Price says raising min wage to $70k led to baby boom, revenue rise. Parent comment

Re:Dan Price says raising min wage to $70k led to baby boom,... by seanmcdirmid on Wednesday September 15, 2021 @02:51PM (#28542851)
> I was shocked when i found out there's no 0% tax bracket in the USA.

That isn't exactly true:

https://www.npr.org/sections/thetwo-way/2012/09/18/161333783...

Yes, the bracket isn't zero percent, but after deductions and the child credit, it effectively becomes that. That doesn't include payroll taxes however, which are much more regressive (in the case of social security with an income cap even more so). Does Australia exempt low earners from payroll taxes as well as income taxes?

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Re:Dan Price says raising min wage to $70k led to baby boom,... by RhysU on Thursday September 16, 2021 @05:24PM (#28557851)
I often see that payroll taxes are regressive. But the benefits from payroll taxes are progressive... Replacing a top 1% income or standard of living with unemployment or social security doesn't happen in the US system. Are payroll taxes regressive relative to the benefits paid from payroll taxes? I genuinely don't know.
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