White Lightning Axiom: Redux: Taxes

Thursday, April 13, 2006



Ok, I know that there are a good number of you out there who would rather see road-kill than Rush Limbaugh, but this particular bit is just a pretty picture cut from an excel spread-sheet.

I know, a whole bunch of icky-ick math ciphers and all. Here is the low-down. If you and your spouse are earning more than $130K, you are in the top 5% (about 6.5 million returns out of 129 million). You know what is the short-fall of this data? That $130K in NYC, DC or Philly won't get you very far but it will certainly do wonders if you live in more rural areas. This is EARNED income folks. The numbers don't say who is paying AMT or such, but if you live in a major metro area, you are probably paying a great deal of your retired/unemployed neighbors share. Now let's think about this ... major metro areas are usually where the wealth is. Most of these population centers are very, very 'blue-state'. Makes you wonder, don't it?

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