
Originally Posted by
Total Head
yes, i did read, and you were actually quoting me when you posted that chart. i also read the whole chart, which clearly states that the 63k is before income tax. you can't spend what you don't have in your hand. i have been assuming that when we say 40k we are talking about net income. 63k would be taxed at a rate of 25%, leaving the actual net income of about 47k, and that's without state tax. using my own state as an example, that would equal an additional 5.3% of tax equaling $5,966, bringing the total net income to just about 41k, meaning that that hypothetical "family" is now 8k in the hole, and STILL hasn't accounted for loan or credit card debt. i'm not "arguing" with the chart, i'm simply interpreting it correctly.
unlike that selective and incomplete chart that uses different family units for each expendiature, my statistics were actually specifically "per adult person" or "per household" and directly from the department of labor, which has statistics on a scale to account for families vs singles. i was quoting actual figures for single people and single households.
you are refusing to accept the actual cost to live. your own chart, again, completely proved that. the "family" on that chart is completely in debt, and even if they erased their $2600 entertainment budget, the apparel budget, and personal care budget, and did without clothes and soap and going to the theater, they are STILL debt. how do you not see this?
Bookmarks