Posts Tagged income

Real Change is Coming

We are facing a brand-new set of oncoming challenges. There’s never been a situation previously where a significant (and likely unlimited and continuously, and rapidly, growing) wave of higher-qualified workers who did not require wages entered the workforce.

LDNLS vs. AI


I discuss LDNLS vs. AI over in this other post. These things are affecting the job market now. There’s no remaining time to feel or act complacent.

Increasingly sophisticated LDNLS Workers that never cheat, never steal, are never late, very rarely “sick”, have no unions, no wages, no insurance, no internecine or even trivial conflict, don’t get pregnant, who never have to stay home with sick kids or spouse, don’t need or want a cafeteria, a gym, breaks, a lunch hour, tips, or stock options; are unfailingly polite, even sympathetic, immune to office romance, gossip, corporate espionage, complaints of mistreatment; have no interest in and do not require promotion, will never misuse company time, and are replaceable the very moment something more effective is available without any consequences to social security charges, unemployment tithing, legal costs, or need for security personnel to walk the previous “employee” to the door.
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Think income tax rates are ok? Read this.

Let’s talk for a moment about an imaginary worker who makes, oh, let’s say… $50,000.

Let’s further stipulate that said worker lands, for various reasons, in the 25% tax bracket.

So, you’d presume that of the $50,000 our worker earns, $12,500 is paid to the federal government as income tax. Right? Because that’s 25% of $50,000, so… we end up with $37,500 that actually goes towards social security, state taxes, food, gas, savings, etc. The other stuff. Right?

No. Wrong. Here’s why.

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