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Topic	Politics Containment Topic 359: Two Scoops of Impeachment
red sox 777 01/14/21 8:21:19 PM #121:	Maniac64 posted... Wouldnt a minimum wage increase mean an increase in tax revenue? Not sure exactly how reconciliation works, but yes, it would result in an increase in tax revenue. But not by much, because people making minimum wage (whether it's $7.50 or $15) aren't paying much federal income tax anyway. Social security and medicare tax, they are paying a lot, but they are contributing a very very small share of the federal income tax pie. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest! <cite>red sox 777 posted [p:949510661] in Politics C... [t:79238763]...</cite> <quote>Maniac64 posted... </cite> <quote>Wouldnt a minimum wage increase mean an increase in tax revenue?</quote> Not sure exactly how reconciliation works, but yes, it would result in an increase in tax revenue. But not by much, because people making minimum wage (whether it's $7.50 or $15) aren't paying much federal income tax anyway. Social security and medicare tax, they are paying a lot, but they are contributing a very very small share of the federal income tax pie. --- September 1, 2003; November 4, 2007; September 2, 2013 Congratulations to DP Oblivion in the Guru Contest!</quote> ... Copied to Clipboard!
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