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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]
Response by MidtownerEast
over 15 years ago
Posts: 733
Member since: Oct 2010

Dumb.

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Response by falcogold1
over 15 years ago
Posts: 4159
Member since: Sep 2008

time to change jobs!

Hello, welcome to Wallmart.

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Response by Sunday
over 15 years ago
Posts: 1607
Member since: Sep 2009

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...

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Response by malthus
over 15 years ago
Posts: 1333
Member since: Feb 2009

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.

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Response by alanhart
over 15 years ago
Posts: 12397
Member since: Feb 2007

Amen!

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Response by Wbottom
over 15 years ago
Posts: 2142
Member since: May 2010

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

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Response by notadmin
over 15 years ago
Posts: 3835
Member since: Jul 2008

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.

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Response by columbiacounty
over 15 years ago
Posts: 12708
Member since: Jan 2009

who cares?

whats your point?

some people are scamming?

so what?

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Response by notadmin
over 15 years ago
Posts: 3835
Member since: Jul 2008

> whats your point?

that i know by experience that there's truth to the article... maybe not in columbia county wherever that is

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

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.

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

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?

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Response by notadmin
over 15 years ago
Posts: 3835
Member since: Jul 2008

> 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.

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Response by columbiacounty
over 15 years ago
Posts: 12708
Member since: Jan 2009

you're missing the point.

so you know of some examples of people who are scamming?

so what?

what does this tell you?

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Response by notadmin
over 15 years ago
Posts: 3835
Member since: Jul 2008

it's says that "that those depending on reportable wage income are suckers", are you a sucker?

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Response by aboutready
over 15 years ago
Posts: 16354
Member since: Oct 2007

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.

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Response by columbiacounty
over 15 years ago
Posts: 12708
Member since: Jan 2009

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?

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Response by patient09
over 15 years ago
Posts: 1571
Member since: Nov 2008

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.

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Response by Wbottom
over 15 years ago
Posts: 2142
Member since: May 2010

and we all know a pathetic troll

whatever

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Response by jason10006
over 15 years ago
Posts: 5257
Member since: Jan 2009

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.

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