
“Let’s take the example of a single mom with two kids, 1 and 4. She has a $29,000 a year job, putting the kids in daycare during the day while she works. As the above chart – via Gary Alexander, Pennsylvania’s secretary of Public Welfare — shows, the single mom is better off earning gross income of $29,000 with $57,327 in net income and benefits than to earn gross income of $69,000 with net income & benefits of $57,045. It would sure be tempting for that mom to keep the status quo rather than take the new job, even though the new position might lead to further career advancement and a higher standard of living.”
Related posts:
Bitcoin’s 'Demise' A Reminder Of How Not Free We Are
Doug Casey on ISIS, Gold, Oil, and What to Expect in 2015
Agorism and Nazism: A Study in Polar Opposites
Eleven Years after 9/11, Guantánamo Is a Political Prison
Yes, We Live in a Communist Country
The Fed: Strangling the Saving Ethic and Values
I'm Astounded by This Terrorism Statute
Homeland Security’s Multibillion-Dollar Comedy Show
How Empires End
Mises' Answer to Would-Be Conspirators: You Will Lose
Bob Higgs: The Relentless March of the U.S. Police State
What Happens When You Can't Believe A Thing The President Says?
Ruby Ridge: The Age of State Terrorism Begins
6 Groups that Will Win Big From a War with Syria
I Wish My Job Didn't Exist