Friday, January 12, 2007

If You Tax Employing Low Skilled Workers....

Greg Mankiw argues that the minimum wage is a policy designed to help low-skilled workers—paid for by a tax on employing low-skilled workers. That sort of policy is rarely considered ideal by any economist, because of the economic fact that "if you tax something you get less of it."

1 Comments:

At 1/13/2007 8:10 AM, Anonymous Anonymous said...

I work full time during the week and with no overtime I also work week-ends. My week-end job has tips and I get taxed big also. My week-end employer requires I write down on the back of my timecard what I made in tips everyday that I work. I am getting pressure from this employer that I am not writing down every single dollar. Rumors are flying that this employer is going to count our tips, have us show our tips, so they can verify what we are tipped. Can an employee search our pockets for an unannounced audit of our tips?

 

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