this post was submitted on 20 Jan 2024
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Work Reform
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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
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“To be fair,” no it can’t, at least not in the US. The top tax bracket for income I think is around 37%. And the next lowest is in the high 20s, but I don’t know what the $ amount is, but I think you gotta clear a half mil + a year before you get to that 37%. So make a mil a year? 37%. 2 mil? 37%. No matter what you’re making you’re not getting to 100%. So I don’t know where you live, but here in the US there’s no way to hit 100% on personal income tax, the tax that’s being discussed.
Not US.
Never heard of 100% taxing here, what I have seen is raises and promotions ending up in a slightly smaller paycheque. Whether that’s due to other factors such as a higher misaligned bracket of state medical insurance or benefits, union fees, I’m not entirely sure, it was more of a warning to watch your first couple of paycheques after a raise.
I would really need to see the math on this. All of the numbers. Plenty of people bitch and moan about taxes, but there’s no way income tax should result in a continually smaller paycheck because the recipient got a raise, nor should a raise be consumed entirely by taxes. Anyone who tells a story about losing all their raise to tax isn’t telling the whole story most likely, like filing for too many withholding exemptions on the W4, paying less tax, then getting slammed with a tax bill “consuming all their raise” or something.
Now, I have heard of people running into issues with the AMT, but that’s for people already making a pretty good amount of money, and that limits (crudely explained) says even though you made a bunch of money more and have a ton of write offs/deductions, the AMT floor won’t let the filer get all the deductions so they pay more tax. That also might come up if one sells a house or something and brings in a bunch of money. But that’s not a situation most people face, and they shouldn’t see it regularly. It was intended to prevent wealthy people from skipping out on taxes.