In response to:

Barack Obama and the Teachable Wage

eevans Wrote: Feb 18, 2013 9:27 AM
And again this article doesn't hit the real point behind Obama's wanting a $9/hr min. wages. Which is taxable income! The 10% tax bracket has a maximum earning of $17,900 which means for a person working 40hrs a week the max. wage would be $8.60/hr. So $9/hr would mean that a person working 40hrs would automatically be charge 15% taxes!!! So Obama's real reason isn't to help anyone but to increase their taxes instead.
Reginald10 Wrote: Feb 18, 2013 5:05 PM
You are assuming that the person working for minimum wage is working 40 hrs/wk. That's not so, anymore. With unemployment high, and the ObamaCare burden on full-time workers so heavy, it often makes better economic sense to hire two half-time employees rather than one full-timer.

Thus, each gets less than the $17,900 you mention, and each remains in the 10% tax bracket; with no advantage to the taxman. And since both earn less than $17,500, both are eligible for more Public Assistance; and will express their gratitude accordingly at election time. Surprise!

February 17, 2013

The U.S. President wants to up the national minimum wage to $9 per hour. How daring.

Such pushes to increase the legal minimum wage often succeed. There’s no mystery why. Most folks’ wages are not directly affected; we work for far more than that minimum. So it’s about other people. One consequence of this is that we don’t think very carefully about the logic of the regulation.

Which is why so many of us simply bow to social pressure, thinking that opposition to raising the minimum wage is “uncaring.”...

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