No. of Recommendations: 21
>> Mr. Alexander reports that a single mother of two in the Keystone State earning no wages will obtain welfare benefits—such as food stamps, child care and Medicaid services—worth more than $45,000 annually. If the woman begins earning wages, her total annual income, including the value of her welfare benefits, will rise as well—up to about $9,000 in wages. But the next $5,000 in wages will not increase her total income, because she will lose some Medicaid and other benefits. In short, she faces the equivalent of a 100% marginal tax.
.....
What this means is that her total income—welfare benefits plus wages, minus taxes—won't reach $57,000 until her gross wage income rises to $69,000. In other words, the money earned by her between $29,000 and $69,000 faces a marginal tax rate, on average, of 100%. She receives no net benefit from her labor. Now if that doesn't motivate you to get up and go to work, I don't know what will. <<

http://online.wsj.com/article/SB1000142412788732423510457824...

But as we know, taxes don't affect behavior, so it must be something else. Racism! Single women with 2 children are being disrepected, but only when they make between $29K and $69K. Yeah, that's theticket.

arrete
Print the post Back To Top
No. of Recommendations: 1
But as we know, taxes don't affect behavior, so it must be something else. Racism! Single women with 2 children are being disrepected, but only when they make between $29K and $69K. Yeah, that's the ticket.

With a side order of latent homophobia too.
Print the post Back To Top
No. of Recommendations: 0
Paul Krugman was on Fareed Zakaria this morning. Krugman said the reason Owebama isn't focused on jobs is because the partisan House wouldn't pass anything, anyway, so Owebama hasn't bothered to present a plan for jobs to the House.
Print the post Back To Top
No. of Recommendations: 1
Paul Krugman was on Fareed Zakaria this morning. Krugman said the reason Owebama isn't focused on jobs is because the partisan House wouldn't pass anything, anyway, so Owebama hasn't bothered to present a plan for jobs to the House.
___________________________

That's great, now no one has to do anything

Obama is useless so there is no need for the Senate or House to do anything.

Krugman is a genius. If he had told Obama and the Dems this 4 plus years ago, just think how much better off we would have been.
Print the post Back To Top
Advertisement