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RE: Not one of those explains how to raise the $4T
Posted on: October 24, 2019 at 09:54:57 CT
MrBlueSky MU
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What this data shows is that lower-income workers, higher-income workers, single workers, and married workers with children all contribute around 40 percent of their pay toward taxes and health premiums. And when those health care costs are taken into account, the less well off no longer pay less than high-earners, as they do in taxes alone.
For instance, according to this analysis, when an American family earns around $43,000, half of the average compensation when including cash wages plus employer payroll tax and premium contributions, 37 percent of that ends up going to taxes and health care premiums. In high-tax Finland, the same type of family pays 23 percent of their compensation in labor taxes, which includes taxes they pay to support universal health care. In France, it’s 2 percent. In the United Kingdom and Canada, it is less than 0 percent after government benefits.
IT CAN'T BE DONE
For instance, according to this analysis, when an American family earns around $43,000, half of the average compensation when including cash wages plus employer payroll tax and premium contributions, 37 percent of that ends up going to taxes and health care premiums. In high-tax Finland, the same type of family pays 23 percent of their compensation in labor taxes, which includes taxes they pay to support universal health care. In France, it’s 2 percent. In the United Kingdom and Canada, it is less than 0 percent after government benefits.
IT CAN'T BE DONE
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RE: Not one of those explains how to raise the $4T - MrBlueSky MU - 10/24 09:54:57