So did your taxes just go up?

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PatrThom

PatrThom

(found on Reddit)

The article starts out with the following sentence (hyperlink included):
"So this is apparently a real thing from the Wall Street Journal."
8386921675_b35b3817c5_z.jpg

The thing mocks itself. That $650,000 family in particular is bizarre to the point of incredulity: those people could literally stop working entirely, live extremely well on $180,000 while doing nothing but watching television all day and staying home with their kids, and leave their high-salary jobs with their oh-so-onerous tax requirements to people who actually appreciate them.
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I don't know about y'all, but the gross income of our entire family is less than the amount of tax paid by their representative "single person." So you'll forgive my incredibly low level of empathy.

--Patrick
 
PatrThom

PatrThom

I hear ya. I probably make 2-3x what my mother made at my age.
Unfortunately, I probably owe 2-3x what she did, too.

--Patrick
 
Bowielee

Bowielee

It always makes me laugh when my professors try to tell me that I won't "get rich" becoming a college professor. What they don't realize is that I felt rich when I was making 28k per year.
 
Eriol

Eriol

That image is just /facepalm. I don't know what the average income is for single-income earners, or retirees, or anything they're putting out there, but I'll bet it's at LEAST 100k (or 500k, or 600k, depending on the category) less than the numbers there.

just... wtf?
 
PatrThom

PatrThom

Dave said:
Everyone's checks went down because the "compromise" for the fiscal cliff included letting a social security tax holiday expire. This amounts to about 2% of your check.
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PatrThom said:
I'll find out how much my pay was actually affected once my hours go back to their normal, non-holiday craziness.
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Results are in. My most recent paycheck was "normal," and compared to the only "normal" paycheck I received in December (my hours differ by perhaps 20min total, no OT, etc--pretty fair comparison), my take-home pay has dropped somewhere around 2.5%, which these days amounts to a drop of less than one tank of gas per paycheck at today's prices. Not a disaster by any means, but I will certainly notice (and miss) it.

--Patrick
 
Bowielee

Bowielee

Man, I still can't believe that graphic. Where the hell do these people live? Their "investment income" for most is greater than the most I've ever earned in a year in my life.

I also love how they look so sad, with their making 250K per year. Boo hoo :p
 
Bowielee

Bowielee

According to the 2011 Census, Median household income is around 50k. I have no idea where the WSJ got their numbers from, but it sure ain't the average American household.
 
Eriol

Eriol

Bowielee said:
According to the 2011 Census, Median household income is around 50k. I have no idea where the WSJ got their numbers from, but it sure ain't the average American household.
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Ya that's basically my point a month ago. Where the hell they got those numbers... it's just so much /facepalm.
 
jwhouk

jwhouk

As it stands right now, the combined pay level of myself and my wife is projected to be lower than it has been since 2007.
 
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