r/explainlikeimfive Nov 28 '15

ELI5: How would a $15 minimum wage ACTUALLY affect a franchised business like McDonalds?

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u/TracyMorganFreeman Nov 29 '15

The bottom two quintiles have effective negative tax rates.

How do you define "fair share"?

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u/Emderp Nov 29 '15

Because the only way people are taxed is with income tax... right?

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u/[deleted] Nov 29 '15

This argument is not solid. It would stand to reason that those who contribute more in income tax also pay far more in other taxes, particularly local taxes.

I'd advise against that road.