(07-25-2018, 04:30 PM)Belsnickel Wrote: I started doing my whole lengthy post thing, then scrapped it. I'm not sure of the figures, but it would've definitely been a higher percentage given the top tax rate at 91%, though you'd have to make around $3,148,000 in 2013 dollars to reach that mark. Also, at the time capital gains were taxed at a higher rate than they are, today.

(07-24-2018, 08:04 PM)Beaker Wrote: A single individual does not change the system, but individuals make up the economy. So you can begin to change the system one individual at a time. as more fortunes change, the economy changes with them.

(07-24-2018, 08:07 PM)Beaker Wrote: And every individual makes different choices of what to do with their income. So what is a comfortable living wage for one person might be considered a non-livable wage by another who is not making wise choices. Does that mean the company is exploiting labor?

(07-25-2018, 04:32 PM)michaelsean Wrote: From what I understand virtually nobody paid anywhere near that as you could deduct everything under the sun.  

(07-24-2018, 08:28 PM)Beaker Wrote: I dont disagree that the system is ponderous and slow to change. But you have to start somewhere. What better place than working to better your own situation? Obstacles are there to be overcome.

(07-25-2018, 04:03 PM)michaelsean Wrote: Those are the tax rates.  I'm asking about percentage of taxes paid as that would indicate burden.  This one only goes back to 1979, but from there the tax burden has decreased on the lower earners and increased on the higher earners.  

https://www.taxpolicycenter.org/statistics/shares-federal-tax-liabilities-all-households

Edit:  This doesn't account for rate of increase income, but the lower ends are not carrying a higher burden of the taxes.  I think the bottom 40% or something like that actually pay an effective rate of zero.

(07-25-2018, 05:43 PM)Belsnickel Wrote: This is as good a place as any:

(07-25-2018, 05:47 PM)XenoMorph Wrote: if those melinials would come to work and earn their paycheck that number might be different..

but they don't they leave asap.. or just quit.  (I'm sure its not all of them but see it all the time where I work...  )

(07-25-2018, 05:43 PM)Belsnickel Wrote: This is as good a place as any:

(07-25-2018, 05:43 PM)Belsnickel Wrote: This is as good a place as any:

(07-25-2018, 05:47 PM)XenoMorph Wrote: if those melinials would come to work and earn their paycheck that number might be different..

but they don't they leave asap.. or just quit.  (I'm sure its not all of them but see it all the time where I work...  )

(07-25-2018, 05:56 PM)michaelsean Wrote: I would say that's adjusted for inflation.  I don't think there's a chance it was $34,000 in 1977.  If you adjust the income and not the price of something, then it's just misleading.

(07-25-2018, 06:18 PM)bfine32 Wrote: https://www.davemanuel.com/median-household-income.php

Well, it's hard to say with complete certainty but if you look at the census bureau. The household median income for 1977 was around $12,000 and for 2014 it was around $53,000. Now if you adjust for inflation they are much closer. 

Could be that someone is trying to mislead with the meme.  

(07-25-2018, 06:21 PM)michaelsean Wrote: It’s the equivalent of $139,000 according to inflation calculator. Not sure if Ian got confused or is trying to mislead people.

(07-25-2018, 05:47 PM)XenoMorph Wrote: if those melinials would come to work and earn their paycheck that number might be different..

but they don't they leave asap.. or just quit.  (I'm sure its not all of them but see it all the time where I work...  )

(07-25-2018, 06:18 PM)bfine32 Wrote: https://www.davemanuel.com/median-household-income.php

Well, it's hard to say with complete certainty but if you look at the census bureau. The household median income for 1977 was around $12,000 and for 2014 it was around $53,000. Now if you adjust for inflation they are much closer. 

Could be that someone is trying to mislead with the meme.  

(07-25-2018, 06:21 PM)michaelsean Wrote: It’s the equivalent of $139,000 according to inflation calculator. Not sure if Ian got confused or is trying to mislead people.

(07-25-2018, 07:15 PM)Belsnickel Wrote: I'm a Millennial. My adult jobs have lasted 4 years (layoffs) and my current one is at 6. My income isn't much higher than that median shown.



I have no idea if the numbers are accurate; never really claimed they were. The overall point is damaged if the numbers are inaccurate (I say if because the information being thrown around here doesn't show it to be), but the overall point that the current economic situation for Millennials is worse than the previous two generations at our age and it isn't getting any better.

(07-25-2018, 07:31 PM)bfine32 Wrote: So you posted a meme with no idea if the numbers are accurate? That's one of the biggest contributors to the divide we see. Someone may look at the meme and take it as fact. 

You can go with what you think the meme was trying to articulate (the overall point) and I'll go with it was trying to deceive.

(07-25-2018, 07:40 PM)Belsnickel Wrote: I expect you will be holding everyone to these same sort of standards going forward, since we know it hasn't been that way up until now.

(07-25-2018, 07:45 PM)bfine32 Wrote: Nah, I've come to expect some in this forum to be a hopeless cause; I expect more from some.  But I like to think I call BS regardless which side of the aisle it's on. I know I used to with Lucie; unfortunately with him permanently banned the BS is kind of one sided.