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You can't compare an average 'tax' against the lowest working wage. So I did some rough figuring based on annual income. Assuming forfeiture is spread across al
by EricBurnett 12y ago
You can't compare an average 'tax' against the lowest working wage. So I did some rough figuring based on annual income. Assuming forfeiture is spread across all income levels evenly, it would be better to compare against mean income. Looks like (based on 2004 numbers) mean household income was 60,528, mean household size 2.57, for a mean income of 23230 per person. That puts forfeiture ballpark 6%, assuming it all comes from on-the-books assets. So for people working one full time job, about 3 weeks equivalently. Actually pretty close to what you got, I'm sad to see.
Wouldn't want to be living in the us right now, based on those numbers. That sounds like it adds up to a whole lot of corruption.