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My statistic was showing $31k, but if we say $50k, fine - it's now merely five times the median, not eight. That's still a comfortable situation by almost anyon
by eftpotrm 15y ago
My statistic was showing $31k, but if we say $50k, fine - it's now merely five times the median, not eight. That's still a comfortable situation by almost anyone's standards.
Now, if your $50k household is in a 25% tax bracket, they're paying $12.5k so leaving a net income of $37.5k. Your $250k household at 33% are paying $83k, net income $167k, 4.4 times the net income of the $50k household. So what was your point exactly?