05-06-2016, 04:57 PM
(05-06-2016, 04:31 PM)SunsetBengal Wrote: Not really, they would have much to lose by not working at all. If that median communication worker salary is 8500, and they are the head of a household of 4, then the first 6500 of that income is tax exempt, leaving only 2000/mo subject to taxation. The taxation on that 2000, even using the highest percentage (13%) is 260/mo that they would pay in tax. So, by not working, they would lose out on 1740/mo in income. Which is substantial.
Also, it may surprise a few of you to learn the idea that not everyone aspires to get paid for doing nothing. A good many people actually take pride in having a livelihood, and paying their own way in life. Those type of people really don't want to be a burden to their respective tax base.
I forgot about the tax exemption on the first 2600 for those that do work. That does make a difference. As for the idea that not everyone aspires to get paid to do nothing, while this is true, to deny that many people would do something different (hobbies, sports, travel) rather than work if they could is kind of silly. I don't think everyone would quit their jobs if it was feasible, but enough would to make it a consideration.
