If the welfare claimants that Mr Romney has in mind were to move into low paid jobs, they would begin paying federal income tax at 10 per cent on the first $8,700 of taxable income (after the standard personal deduction of $5,950), or if they were married and filing jointly, on $17,400 (with a joint deduction of $11,900).
That means a single person moving from welfare to work would pay only 10 per cent tax on an income of $14,650, and a married couple could earn $29,300 per year and still pay only 10 per cent income tax. The next tax bracket is 15 per cent, and that applies to married couples earning up to $70,700 a year.
So there is nothing like the tax disincentive to go from welfare to work in the US, as there has been in Britain, where even a quite low wage could involve losing a quarter of your earnings in tax.
http://www.telegraph.co.uk/news/worldnews/mitt-romney/9559659/Mitt-Romneys-message-is-good-it-just-needs-restating.html
This is such a non-inspiring election, there's almost no good writing out there on the topic. "None of the above" should be able to defeat this President. Bewildering.
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