this post was submitted on 14 Jul 2026
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Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

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[–] lunatic_lobster@lemmy.world 14 points 1 day ago* (last edited 1 day ago) (1 children)

This is mostly right but I think missing the point. It's not 12.2% on the first bracket and 2.2% on the second. It's 12.4% on the first $184,000 and ZERO On the rest. The 2.2% is not the marginal rate they are currently paying, it is the effective rate if you add up all the taxes paid divided by all the income. It's so low because people with salaries beyond 184k stop having to pay any of this tax on their next marginal dollar.

And the reason this is a big deal is because this tax revenue is what is used to fund social security payments for older folks. The social security reserve fund that is running out (which will result in a significant reduction in payment to these old folks) could possibly be all or mostly funded if we made people making more than $184,000 pay the same rate as everyone else.

[–] Leviathan@lemmy.world 5 points 1 day ago (1 children)

Damn. How are we not French Revolution-ing these fucks?

[–] turdburglar@piefed.social 5 points 21 hours ago

love island, throwback nikes, the return of the mcrib, the soap opera of the trump presidencies; they’re keeping us entertained and mollified