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pepperbear

(5,648 posts)
Fri Nov 16, 2012, 08:03 PM Nov 2012

From September, 2012 - John Talbott:

http://www.huffingtonpost.com/john-r-talbott/rich-pay-taxes_b_1873392.html

Apologies if it's a dupe, but I think this is a good article and merits a re-post.

Check out these tables:



I know this is low and I challenge anyone who disagrees to try living on $2,000 a month for a while and to feed and clothe a family. But, let's call it the bare necessities and see what it means for American families.

If you subtract this $2,000 a month or $24,000 per year from the various quintiles' incomes, the following pre-tax disposable incomes result;






And here are the actual average taxes paid by quintile;



7 replies = new reply since forum marked as read
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From September, 2012 - John Talbott: (Original Post) pepperbear Nov 2012 OP
Your second chart is a duplicate AnnaLee Nov 2012 #1
thanks for the catch. I edited it. pepperbear Nov 2012 #3
Good luck finding anything outside Dixie Warpy Nov 2012 #2
I live in Kansas and pay $475 for a 700 sq. ft. 1-bedroom tblue37 Nov 2012 #6
I think that this is the chart you want to show geckosfeet Nov 2012 #4
I know....he is totally low balling the expenses... pepperbear Nov 2012 #5
No, because there are people out there Warpy Nov 2012 #7

Warpy

(111,352 posts)
2. Good luck finding anything outside Dixie
Fri Nov 16, 2012, 08:17 PM
Nov 2012

that would house a family of four for $480. In many parts of the country it's double that and in neighborhoods where you need to carry a baseball bat. The $140 in utilities is pretty minimal, too, especially if you live in a super high cost area like Texas and other places utilities are privatized.

Notice also that there is no provision for medical expenses. $25.00 per week per person for food is not going to keep the family healthy, not unless they are making extensive use of multiple food pantries.

I'd like to see this list broken down for various cities around the country. The plutocracy doesn't care, of course, but it might be a real eye opener for a lot of other people.

By the way, that last one should read "$1,000,000 yearly income." Assets of a million aren't what they used to be.

tblue37

(65,488 posts)
6. I live in Kansas and pay $475 for a 700 sq. ft. 1-bedroom
Fri Nov 16, 2012, 08:27 PM
Nov 2012

apartment, and it is old and not in very nice condition. It also costs me about $65/month in water; $100-130/month for electricity in the hot months (and there are a lot of hot months in Kansas!); and $40-$90/month in gas, since I have gas heat in cold weather.

You could NOT house a family in my little hole. I barely manage in it myself, since there is virtually no storage--and no coat closet, either.

geckosfeet

(9,644 posts)
4. I think that this is the chart you want to show
Fri Nov 16, 2012, 08:23 PM
Nov 2012

And so, here are the tax percentages that each quintile actually pays as a percent of their true disposable incomes assuming everyone needs at least $2,000 a month just to get by.




Do the Rich Pay Their Fair Share of Taxes?



Kind of say it all - or a lot anyway.

BTW - who the hell pays $480 for rent/mortgage for a family?

Warpy

(111,352 posts)
7. No, because there are people out there
Fri Nov 16, 2012, 08:31 PM
Nov 2012

who will think you can find a crummy apartment for $480 a month and that you can feed people on $25.00 a week and that either they will have no medical expenses or that they will be taken care of by fairy dust.

This is why an area by area study needs to be done.

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