In Seattle, where they passed similar legislation, there are people asking to have their hours cut because the higher income will reduce their gov entitlements!
FOR A FAMILY OF 4 W/ BOTH SPOUSES MAKING MIN WAGE: FED TAX WILL INCREASE FROM $4,106 TO $7,219, PAYROLL TAX WILL INCREASE FROM $2,579 TO $3,869, EITC WILL BE REDUCED FROM $596 TO $0, STATE TAXES WILL INCREASE FROM $0 TO $379 & THE $2,400 FOOD-STAMP CREDIT WILL BE LOST. SO... OF THE $20,800 INCREASE IN INCOME IN GOING FROM $10 TO $15 AN HOUR, $7,778 WILL BE DIVERTED TO THE GOVT, WHICH DOESN’T INCLUDE LOSS OF OTHER INCOME-DEPENDENT GOVT WELFARE PROGRAMS AND ADDED COSTS DUE TO THE RESULTING INFLATION
Caption this Meme 