An interesting way to look at minimum wage.
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"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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@axtremus said in An interesting way to look at minimum wage.:
Seems easy: because one is work while the other one is not.
Only to you.
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They will need to raise it. The inflation would simply be untenable for them. And they will need to make the raises across the board as well as seniors savings will be wiped out.
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@george-k said in An interesting way to look at minimum wage.:
And is flipping burgers for $15/hour in NYC the same as flipping burgers for $15/hour in Manitowoc?
If it's about "living wage," why isn't this point made?
That’s been my point for years. 30K a year would have me living like a king in Charleroi, PA and I would still be getting government bennies on top.
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“I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill
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@mik said in An interesting way to look at minimum wage.:
Both are earned.
I would have been happy to not pay Social Security tax and put that money into a 401K or other retirement vehicle.
By the way, I don't know about other locations, but Chicago public school teachers don't pay into SS. They have their own retirement plan.
"Now look here, you Baltic gas passer... " - Mik, 6/14/08
The saying, "Lite is just one damn thing after another," is a gross understatement. The damn things overlap.
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@mik said in An interesting way to look at minimum wage.:
@axtremus said in An interesting way to look at minimum wage.:
Seems easy: because one is work while the other one is not.
Wrong. Both are earned.
Yet one produces something, the other does not.
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@axtremus said in An interesting way to look at minimum wage.:
@mik said in An interesting way to look at minimum wage.:
@axtremus said in An interesting way to look at minimum wage.:
Seems easy: because one is work while the other one is not.
Wrong. Both are earned.
Yet one produces something, the other does not.
That's exactly how I feel about your discussions with mik.
Please love yourself.
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@george-k said in An interesting way to look at minimum wage.:
@mik said in An interesting way to look at minimum wage.:
Both are earned.
I would have been happy to not pay Social Security tax and put that money into a 401K or other retirement vehicle.
By the way, I don't know about other locations, but Chicago public school teachers don't pay into SS. They have their own retirement plan.
I didn't pay SS, except on beginning jobs and side work through the years. As such, I am subject to the WEP.
The WEP makes you weep.
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“I am fond of pigs. Dogs look up to us. Cats look down on us. Pigs treat us as equals.” ~Winston S. Churchill
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@mik said in An interesting way to look at minimum wage.:
My brother has the same situation. While he has been self employed a lot and paying double, for 19 years he was a state employee at the university. His SS is pitiful.
Oh, it gets worse.
My wife is subject to GPO. After I die, her survivor benefits will be $0.
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Usually the people that are opted out of SS get more generous pensions from the municipality they’re working for.
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I think the max SS is about $47K per year. (max paid in + wait until age 70).
If the wife also gets max you can make about $95K on SS.
For the 2019 and 2020 tax years, single filers with a combined income of $25,000 to $34,000 must pay income taxes on up to 50% of their Social Security benefits. If your combined income was more than $34,000, you will pay taxes on up to 85% of your Social Security benefits.
