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Investment Analysis Clubs / Macro Economic Trends and Risks


Subject:  Re: If Date:  10/11/2012  4:38 PM
Author:  desertdaveataol Number:  405818 of 479834

Personally, I don't think personal income taxes (which seems to be where you're headed) play any role whatsoever in a business' willingness to hire. Walmart doesn't care whether their employees are paying 1% or 80% on their income, they only care whether or not their customers have money to spend.

Hummmmm... where to start...

OK, if we stipulate that the employer needs to pay employees enough to eat we have a baseline. The higher the personal income taxes the higher that baseline has to be in order for the employee to have enough left over after taxes to eat.

So in a place like NYC where employees pay personal income tax to the Federal, State & City government the employee's wages must be higher