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Shelly Steward of the Aspen Institute’s Future of Work initiative said these conversations are happening across employment sectors – not just in corporate spaces. While some Americans may have turned to gig work over the past year because they didn’t have any other options, she said these jobs often pay low wages and do not offer benefits such as health care, highlighting the “importance of a widespread safety net.”
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When you earn income from work in the United States, you’re subject to a host of taxes, such as state and federal income taxes, as well as employment taxes that fund systems such as Social Security and Medicare. Passive income is taxed differently and, generally, less heavily.
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