3 ms·
1% median difference on earnings is a pretty large number 1% of $60k is $600, which after tax is probably $400. Not exactly life changing money.
by andreilys 5y ago
1% median difference on earnings is a pretty large number
1% of $60k is $600, which after tax is probably $400. Not exactly life changing money.
- godelski 5y agoOn a personal level, small difference. On a median level, big difference.
- darkerside 5y agoSince we're talking about a median, it would be interesting to see how many people you would need to remove from the top end to get the numbers to line up.
- sidlls 5y agoCompound that over a person’s working years and it adds up to a non-trivial number at the individual level. At the aggregate level it’s already non-trivial without any compounding or the like.