> allocates benefits as higher earnings nearly evenly across the income distribution
OK by me. Note that it doesn't allocate benefit to idle owners f investment income.
> Even after taxes, 27.6 percent of increased earnings go to families in the top 40 percent of the income distribution.
"top 40%" is rather silly bucket. That includes basically the median family, all the way to billionaires.
> Over 25 percent of the increased earnings are collected back as income and payroll taxes
(aka effectively a tax on businesses that pay the minimum wage)
It takes massive concern trolling to argue that this effect is worst than not raising the minimum wage
Pardon me if I overlooked the anti-minimum-wage camp yelling "lower taxes on the working poor!"
No, top 40% does not include "basically the median", by any remotely reasonable standard.
> allocates benefits as higher earnings nearly evenly across the income distribution
OK by me. Note that it doesn't allocate benefit to idle owners f investment income.
> Even after taxes, 27.6 percent of increased earnings go to families in the top 40 percent of the income distribution.
"top 40%" is rather silly bucket. That includes basically the median family, all the way to billionaires.
> Over 25 percent of the increased earnings are collected back as income and payroll taxes
(aka effectively a tax on businesses that pay the minimum wage)
It takes massive concern trolling to argue that this effect is worst than not raising the minimum wage
Pardon me if I overlooked the anti-minimum-wage camp yelling "lower taxes on the working poor!"