A few simple facts. Even with a minimum wage increase to $7.25 and a fifteen percent tax rate that amounts to $12,818 a year after taxes and that's counting fifty two fourty hour weeks. If that same person pays $400 a month rent, $75 a week for food and $75 a week for other expenses, that adds up to $11,600. That leaves $1218 for the year for the rest of anything. How can people be so callous to say the stupid things they do, like go to college and get a better education.
2007-01-04
10:30:00
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12 answers
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asked by
Anonymous
in
Economics