.If i made 15$ a hour and the bush tax cuts of a extra 3 percent i get how much from mentioned tax cut? A person who makes a 100, 000 a hour gets the same 3 percent bush tax cut. How mush did he get? Don't forget that 40 percent is borrowed money which only balloons the debt and also remember that every man, woman and child is responsible for national debt equally. The poor and middle class gets seriously screwed, we paid them
Now let's consider the case where you get paid 15 dollars an hour, but you work all year with no vacation time.
If you worked the entire year without any breaks, that would be 52 weeks.
Assuming 40 hours a week, that equals 2,080 hours in a year.
Your hourly wage of 15 dollars would end up being about $31,200 per year in salary.
A word about the 80 million Americans now covered by their employers with health insurance and who wont be for much longer.
Company X has 100 employees it pays $15.00 an hour and covers 50% of the cost of a $7200.00 a year health insurance policy or **$3600 per employee per year.
If Company X drops its coverage it will pay a penalty (tax) of between 2-5% on the gross salary of each employee.
In this case the gross is $15. x 40 x 52 =$31,200 per year.
A 5% penalty on $31,200 would be $1560. per year per employee or $156,000.
Before obummercare **$3600. per year x 100 employees is $360,000.
Is Company X better of paying a penalty of $156,000 or $360,000 a year in insurance premimum costs?
The business of Capitalism is profit not good works.
The poor and middle class gets seriously screwed
obummer, a four year failure