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by afew Mon Jan 21st, 2013 at 09:59:01 AM EST
The WSJ, in a serious piece on fiscal-cliffy changes in the US tax system, offered this infographic:
Look at these regular plain-vanilla Americans, harassed and anxious at the ugly fiscal fate that awaits them. That couple with four children, on only $560,000 a year! The retired minority couple, with only 180 grand to eke out a painful existence (no increase in their taxes, but they're concerned all the same)! The young single woman with only $230,000 to make do on! And that poor single mom with two kids and $260,000 p.a. !
Then look at the investment income that had to be fed in to get the tax increases they're featuring. Reflect on how much capital they own.
The unfunniness is the disconnect with reality at a shop like the WSJ. What level of income are these cretins accustomed to hobnobbing with, that they could consider that here are examples of a cross-section of Middle America? (Median household income in the US is somewhere between $50K and $55K, iirc).
[Murdoch Alert] Ever since I learnt about confirmation bias I've started seeing it everywhere
Is there a page listing the active TeX notation? Ever since I learnt about confirmation bias I've started seeing it everywhere
Yes.
A notice they are enabled and a link to MathJax.org. Ever since I learnt about confirmation bias I've started seeing it everywhere
(Median household income in the US is somewhere between $50K and $55K, iirc).
Since I recently followed one of Krugman's links, it is a bit higher.
Tax Foundation has the average in the 40%-50% at 75K and 50-60% at 99K. (Report on changes in total income with Obamacare. Lower 50% are up, upper 50% are down, but in particular 10-30% are up a lot and the cost is mostly born by the top 1%. Krugman says it looks solid.)
He, from the numbers in there I can see that WSJ has indeed covered a particular part of the spectrum. Roughly speaking we have one family in each of the groups 70-80%, 80-90%, 90-95% and 95-99%. All that is missing is a family with a copuple of millions in income and you have the 1% in there too. A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!
A US Census table sets out median incomes for different types of households in 2011.
The overall median is $50,502.
For a married couple with children, $74,392 (WSJ, $560,000)
For a single-mother household, $30,052 (WSJ, $260,000)
For a single young woman, $23,631 (WSJ, $230,000)
African-American household, $33,233 or Over-65 household, $35,107 (WSJ, $180,000)
The fact is that, to produce examples of a "tax increase burden", the WSJ was obliged to go looking for high multiples of the median income in each case.
Must be different definitions at work or something. Nevermind, the census is the more trustworthy source. A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!
It is more of a fighting speech than usual. Ever since I learnt about confirmation bias I've started seeing it everywhere
Despite Obama being center-right, there seemed to be some shift in the Overton window. Be nice to America. Or we'll bring democracy to your country.
Forgotten much, including the fact Henry was a long-winded son-of-a-gun. Ever since I learnt about confirmation bias I've started seeing it everywhere
The bad news is that I seem to have replaced it with dizziness.
Is this getting better ? Someone please tell me this is getting better keep to the Fen Causeway
I am unfortunately rather well versed in the area of headaches, so if I can use that to point you in the right direction it at least is of some use. A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!
And that means that yes, it is getting better. A vote for PES is a vote for EPP! A vote for EPP is a vote for PES! Support the coalition, vote EPP-PES in 2009!
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