3 ms·

Nobody should be making 76k a month when millions of hard working Americans are barely making 1k a month /s

saadalem 7y ago
Lol ?
throwaway123x2 7y ago
They pay their taxes that which helps provide social safety for those Americans. Should they be paying more taxes? Probably. Vote someone in who will increase corporate taxes. Criticizing successful people isn't the answer.
balls187 7y ago
Their business is making 76k in MRR. They state their profit margin is around 70-80%, and have 3 equity partners. Lets assume they split the profits as their earnings, and each partner makes exactly a 1/3. That would be about $20,000 a month (less taxes) or an annualized salary of approx $240,000. Which is very, very nice, but not worth spouting social change for.
earthtobishop 7y ago
I can't tell if you're trolling... Also I find it hard to believe that there are millions of Americans who barely make $1,000 a month.
- cstrahan 7y ago
  Check out https://graphics.wsj.com/what-percent/ https://graphics.wsj.com/what-percent/ Plug in $12,000 as the annual income, and that'll tell you that 24% of U.S. workers made that or less in 2014. Looks like the number of full time U.S. workers in 2014 was 118.72 million: https://www.statista.com/statistics/192361/unadjusted-monthly-number-of-full-time-employees-in-the-us/ https://www.statista.com/statistics/192361/unadjusted-monthl... That works out to be 28 million U.S. workers making <= $1,000 per month. Considering that's excluding part time workers, that should be make the calculation fairly conservative. See also: https://howmuch.net/articles/how-much-americans-make-in-wages https://howmuch.net/articles/how-much-americans-make-in-wage... The specific numbers have changed in 6 years, but I don't find it all that unreasonable to suspect that there are many millions of U.S. citizens making less than $1,000 per month.
  - earthtobishop 7y ago
    Do you have access to a formatted source of the data that was used to make the percentile calculator ? They claim it is based off the 2014 American Community Survey's Public Use Microdata Sample, but clicking on the provided link takes you to a directory with hundreds of zip folders. Also the last link to "howmuch.net" states that their numbers include any wage earners whatsoever. "There is one important caveat to keep in mind when thinking about our dataset. The SSA numbers include any wage earners whatsoever, even part-time workers like students and teenagers. If the worker reports his or her income to the IRS on a W2 form, he or she is included in these stats."
    - pests 7y ago
      Why single out part timers, students and teenagers? How does any of that matter when talking about Americans earning less than $1000/mo? "These Americans make less than that, but let's not count them"???
      - ArnoVW 7y ago
        Teenagers are supposed to have a support net, and be in school. It is not abnormal for them to have a living wage. The same is true for students, albeit in a lesser form. Nevertheless, students will rarely have full time, qualified jobs. They need the time to go to class, and have no qualifications or experience. The fact that part timers are discounted, is because if you work 50% then it is to be expected that your monthly salary is half that of full time employment. Sure, some people may want to work more but cannot, but for many it is a choice that enables them to do something else. Raising kids for example. Were not counting infants or dead people neither. Because it would not make sense. The point is to understand the wage situation of people when their wages are not influenced by something else, so that we can compare.
TomMckenny 7y ago
He has actually made something rather rent seeking so there is no reason to think this is zero-sum-gain. Beyond that, his lifetime income, even assuming zero business expenses and a hyper optimistic business lifetime, is not remotely enough to guide a government. It's no even enough to buy a decent apartment building. This income level is closer to the $1000 a month person than the Koch brothers by several decimal places. And the difference between how he got what he has vs theirs is like the difference between a faucet and a drain.
bingojess 7y ago
This is like the movie Parasite where the two poorer groups struggle against each other below the rich. Making 76k a month, the creators here will take 1096 years to make 1 billion dollars.

Lol ?

They pay their taxes that which helps provide social safety for those Americans. Should they be paying more taxes? Probably. Vote someone in who will increase corporate taxes. Criticizing successful people isn't the answer.

balls187 7y ago

Their business is making 76k in MRR. They state their profit margin is around 70-80%, and have 3 equity partners. Lets assume they split the profits as their earnings, and each partner makes exactly a 1/3. That would be about $20,000 a month (less taxes) or an annualized salary of approx $240,000. Which is very, very nice, but not worth spouting social change for.

earthtobishop 7y ago

I can't tell if you're trolling... Also I find it hard to believe that there are millions of Americans who barely make $1,000 a month.

cstrahan 7y ago
Check out https://graphics.wsj.com/what-percent/ https://graphics.wsj.com/what-percent/ Plug in $12,000 as the annual income, and that'll tell you that 24% of U.S. workers made that or less in 2014. Looks like the number of full time U.S. workers in 2014 was 118.72 million: https://www.statista.com/statistics/192361/unadjusted-monthly-number-of-full-time-employees-in-the-us/ https://www.statista.com/statistics/192361/unadjusted-monthl... That works out to be 28 million U.S. workers making <= $1,000 per month. Considering that's excluding part time workers, that should be make the calculation fairly conservative. See also: https://howmuch.net/articles/how-much-americans-make-in-wages https://howmuch.net/articles/how-much-americans-make-in-wage... The specific numbers have changed in 6 years, but I don't find it all that unreasonable to suspect that there are many millions of U.S. citizens making less than $1,000 per month.
- earthtobishop 7y ago
  Do you have access to a formatted source of the data that was used to make the percentile calculator ? They claim it is based off the 2014 American Community Survey's Public Use Microdata Sample, but clicking on the provided link takes you to a directory with hundreds of zip folders. Also the last link to "howmuch.net" states that their numbers include any wage earners whatsoever. "There is one important caveat to keep in mind when thinking about our dataset. The SSA numbers include any wage earners whatsoever, even part-time workers like students and teenagers. If the worker reports his or her income to the IRS on a W2 form, he or she is included in these stats."
  - pests 7y ago
    Why single out part timers, students and teenagers? How does any of that matter when talking about Americans earning less than $1000/mo? "These Americans make less than that, but let's not count them"???
    - ArnoVW 7y ago
      Teenagers are supposed to have a support net, and be in school. It is not abnormal for them to have a living wage. The same is true for students, albeit in a lesser form. Nevertheless, students will rarely have full time, qualified jobs. They need the time to go to class, and have no qualifications or experience. The fact that part timers are discounted, is because if you work 50% then it is to be expected that your monthly salary is half that of full time employment. Sure, some people may want to work more but cannot, but for many it is a choice that enables them to do something else. Raising kids for example. Were not counting infants or dead people neither. Because it would not make sense. The point is to understand the wage situation of people when their wages are not influenced by something else, so that we can compare.

TomMckenny 7y ago

He has actually made something rather rent seeking so there is no reason to think this is zero-sum-gain. Beyond that, his lifetime income, even assuming zero business expenses and a hyper optimistic business lifetime, is not remotely enough to guide a government. It's no even enough to buy a decent apartment building. This income level is closer to the $1000 a month person than the Koch brothers by several decimal places. And the difference between how he got what he has vs theirs is like the difference between a faucet and a drain.

bingojess 7y ago

This is like the movie Parasite where the two poorer groups struggle against each other below the rich. Making 76k a month, the creators here will take 1096 years to make 1 billion dollars.