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[–] Mylon 2 points 47 points (+49|-2) ago 

If my wages go up by 50% and my taxes go up by 30%, I'm still bringing home more money.


[–] TotalWar 4 points 24 points (+28|-4) ago 

What kind of crack are you smoking that you think wages would go up 50%?


[–] Mylon 0 points 9 points (+9|-0) ago 

Productivity went up 200% sine the 1970s while wages remained the same. It's not unreasonable.


[–] eg0death 0 points 6 points (+6|-0) ago 

What kind of crack is he smoking that he thinks taxes would go up 30%? Taxes would probably go up 0% on the people who would benefit from the wage increase.


[–] nautzz 0 points 1 points (+1|-0) ago 

why would you think he's doing anything but spitballing numbers to make a point?

point is that even if taxes are raised as minimum wage is raised, if the wage is raised sufficiently you still make more money after taxes.


[–] EllenPaosEgo 0 points 1 points (+1|-0) ago 

he is advocating for a 15$ minimum wage, in my state minimum wage is 9.50ish so yes it would go up a little more than 50%. Some people in america still make 7.25 an hour, for them their wage would double.


[–] admiral_pinkbeard 0 points 3 points (+3|-0) ago 

Depending on what you're taxed at currently, that might not even be true.

e.g., if you're taxed at 60%, and then it goes to 78%, you are making 22 cents for every 40 cents you made before. A 50% wage increase corresponds to 33 cents, or roughly 83% of what you made before.


[–] rayc31415 0 points 3 points (+3|-0) ago 

The tax bracket system is designed so that you never earn less by earning more. If you go one dollar into the 30% tax bracket, all the income you made is not taxed at 30%, just that one dollar. And most of the time, CEOs and the like just make their company pay them $1, and take all their earning in "investments", which is taxed at a lower rate than the upper income brackets. Want to raise taxes on investments? "Oh, but that will kill the economy!"


[–] Mylon 0 points 3 points (+3|-0) ago 

That's not how progressive taxes work. If you make more money, only that extra money is taxed. So maybe the first 20k/ year isn't taxed. The next 10k is taxed at 10%, the next 30k is taxed at 20%, the next 50k is taxed at 30%, the next 200k is taxed at 40%, etc.


[–] NewVoater77 3 points -3 points (+0|-3) ago 

You sound so stupid


[–] TheGoatOfVoat 1 points -1 points (+0|-1) ago 

Bernie wants to raise taxes on businesses too. While your pay might not increase much under Bush, it certainly won't under Sanders.