Fam. of 4 min. wage keeps more vs single 60k guy
Started by Riversider
over 15 years ago
Posts: 13573
Member since: Apr 2009
Discussion about
Wyatt Emerich of The Cleveland Current. Emmerich analyzes disposable income and economic benefits among several key income classes and comes to the stunning (and verifiable) conclusion that "a one-parent family of three making $14,500 a year (minimum wage) has more disposable income than a family making $60,000 a year. And that excludes benefits from Supplemental Security Income disability checks.... [more]
Wyatt Emerich of The Cleveland Current. Emmerich analyzes disposable income and economic benefits among several key income classes and comes to the stunning (and verifiable) conclusion that "a one-parent family of three making $14,500 a year (minimum wage) has more disposable income than a family making $60,000 a year. And that excludes benefits from Supplemental Security Income disability checks. http://www.zerohedge.com/sites/default/files/images/user5/imageroot/Money%20Earned.jpg http://www.zerohedge.com/article/entitlement-america-head-household-making-minimum-wage-has-more-disposable-income-family-mak [less]
Dumb.
time to change jobs!
Hello, welcome to Wallmart.
A couple of things...
1. The family making 60K does not subsidize the family making minimum wage.
2. If you look at the same families 5, 10, 15 years from now, what will they look like? The one making minimum wage will probably still be making minimum wage...
THIS EPITOMIZES THE RAMPANT NONRELATED, UNSUPPORTED BULLSHIT PERVASIVE ON THESE BOARDS.
RS citing a financial blog that cites without link a "study" done by somebody nobody ever heard of in order to advance some political agenda completely unrelated to new york city real estate. Seriously, what will it take for some editing on this board?
And that's not f$%king Cleveland Ohio. Its Cleveland, Mississippi.
Amen!
please, redbaiter, won't you just try a few days posting on the fox blog?--you'll be welcomed and loved there--at SE you are not appreciated--your amazing intellect is wasted here
go....join your people...they await you
i do know of a household of 7 with 5 kids, all under 18. they live in a project in Harlem. He works in construction earning around $35k and she does childcare off the books earning about the same amount. They receive every type of benefit, from food stamps to almost free housing to free education in private schools (and possibly free college too in the near future) cause of being able to show an income of only $35k. also free childcare for the youngest kid and medicaid for all of them.
they obviously live better than a household that earns $70k all taxable specially cause of the perks (food, housing, health care and education for free while almost 0 goes to taxes). these are the biggest ticket items for most households.
this is not only done by people that live in projects. I also know a person that was able to under report their income by a huge amount due to being a free lancer. she got a great deal on a housing lottery thanks to that under reporting. where do you see them in the future?
the couple of mexicans w/ 5 kids, some of them will go to college debt free and help their parents after that. so will not necessarily be worse off than a household that makes taxable $70k. the freelancer will own her house for a pittance so will be better than a w2 wage earner that earns what she really does.
who cares?
whats your point?
some people are scamming?
so what?
> whats your point?
that i know by experience that there's truth to the article... maybe not in columbia county wherever that is
why doesn't rs just join the discussion on zero hedge if it wants to talk about this? that would be an appropriate forum. the discussion is already extant. no need to share here.
notadmin, you think only the poor are gaming the system? only the poor are tax cheats? only the poor manage to extract undeserved benefits from the gov't?
> notadmin, you think only the poor are gaming the system?
of course not. you missed the point which is that those depending on reportable wage income are suckers. why is it that common for middle class people to fall onto that? guess it's the path of least resistance.
you're missing the point.
so you know of some examples of people who are scamming?
so what?
what does this tell you?
it's says that "that those depending on reportable wage income are suckers", are you a sucker?
i'll take our reportable wage hh income over minimum wage + an all-cash job on the side any day.
call me a sucker if you will.
really?
where does it say that?
i don't want to trade places with someone who is scamming.
do you?
have you ever considered the cost of making sure that no one can scam under any circumstances?
progressive national, state and local sales tax....all food items under $20 no tax, all clothing under $20 no tax. Bring all grey economy on the books, all the drug dealers, landscapers, contractors..etc..etc..etc..scrap all other taxes. Infrastructure already in place.
and we all know a pathetic troll
whatever
You fricking dummy. $16,500 of that - or HALF the total comes from Medicaid. So ONLY if the $60k household does NOT have employer-sponsored healthcare does this work. If they DO, they come out with about 50% more after-tax money than the poor household. You must think we are too stupid to notice that.