Same data, but an easier to read chart. NOT about party politics - just facts about where we are now and where we need to be in terms of cash flow.

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If you and your spouse earn a combined $66,500 adjusted gross income, you are in the top 25% wage earners in the country. (Part of the high income earner group paying 86% of all income tax)

If your number is $33,000 per year, you are still in upper 50%. Nice to be so wealthy........

When I looked at applying LOTS more taxes to the upper, upper folks, it still won't give us enough money to pay for what we are spending.

Looks like us "rich folks" in the upper 50% group aren't carrying our weight in supporting the lower half, so we will likely be asked to start paying our fair share.

This is about spending money we don't have and applies to all political persuasions! I won't even discuss the blame game. My point is: Plan your personal financial future carefully.

Marc

ETA: Someone please tell me if I am being an idiot and reading this wrong. I really want to be wrong!

Once Obama gets the wealth redistributed, we'll all be making $39,000/yr (that's the number if you put all wages in one pot and then dolled it out evenly).

Bob P wrote on Aug 26^th, 2009 at 6:43am:

Once Obama gets the wealth redistributed, we'll all be making $39,000/yr (that's the number if you put all wages in one pot and then dolled it out evenly).

You're assuming that the bulk of the people who earn that money, who work hard for it, will continue to be motivated.

Marc wrote on Aug 25^th, 2009 at 10:35am:

Same data, but an easier to read chart. NOT about party politics - just facts about where we are now and where we need to be in terms of cash flow. START PRINTPAGEMultimedia File Viewing and Clickable Links are available for Registered Members only!!  You need to or END PRINTPAGE If you and your spouse earn a combined $66,500 adjusted gross income, you are in the top 25% wage earners in the country. (Part of the high income earner group paying 86% of all income tax) If your number is $33,000 per year, you are still in upper 50%. Nice to be so wealthy........ When I looked at applying LOTS more taxes to the upper, upper folks, it still won't give us enough money to pay for what we are spending. Looks like us "rich folks" in the upper 50% group aren't carrying our weight in supporting the lower half, so we will likely be asked to start paying our fair share. This is about spending money we don't have and applies to all political persuasions! I won't even discuss the blame game. My point is: Plan your personal financial future carefully. Marc ETA: Someone please tell me if I am being an idiot and reading this wrong. I really want to be wrong!

If me and my spouse (If I owned one) made $66,500
in California, We would still be hurting. Now make that and be single with NO write off's, that puts you renting next to a dog house. Frick it man, pay me $39,000 and I still would have come out better April 16th!