Posted on 09/29/2013 7:45:05 AM PDT by Kaslin
Something to ponder while Barry Hussein Soetoro picks your pocket.
My first job was at a branch store of a clothing retailer. The store lost money every year, EXCEPT they year I started working there.
For turning a profit, the manager was reamed and fired; the store was immediately closed, and all of us laid off. It was SUPPOSED to lose money, as a corporate write-off/write-down; the manager knew that, but made money anyway.
I learned a lot from that experience
It is a semi logrimic graph.
Well the store I ran always made good profit, it was the bread and butter store, The owner had, at that time seven other stores that mine was, building, remodeling or just plain covering their high rent and service fees. So there was plenty of places for the owner to “lose” his profits.
I’m with you brother....can’t seem to get ahead with prices going up, gas, food and healthcare to follow soon!!!
That only means you are in the middle, problem is being in the middle is not what it used to be. Middle class is being hammered right now!!!
I think Obama”care” is going to drop me out of the middle of the curve. I think that is the intent.
I believe that is the intent....to force us onto the gov. dole!!!
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Once on the dole, you won’t vote to stop it. Permanent voting block for dems and establishment Reps
I knew I wasn’t going well but, wow, I am not doing well.
Good for you.
I don’t fall anywhere on that graph. My income isn’t “distributed” to me. I have to go out and earn it.
For the first, and possibly the only time in my life, I am in the dreaded 1%.
Well, the chart pretty well shows what we all know, that there is a big gap between wealthier and the rest.
What amazed me was the difference in “individual” and “family”. My wife stays home to raise our family. So when I saw the “individual” I thought “I’m doing okay”. Then when I looked at the “family” (being the sole breadwinner) I was thinking “Oh - no wonder I don’t feel rich!”
It says a lot about life in America when both mom & dad need to be out making money to pay the bills (and taxes), leaving the older kids to their own devices all day. I can’t even imagine being a single parent trying to do it all.
Me too, self employed. Been on poverty income for the last 4 years, since the Real Estate crash. Now I am purposely slowing down my business as I approach the end of the year, as I cannot take sending any more money to DC. Isn't that sad? I am purposely not working hard, so as not to pay more in tax to this totally corrupt and dangerous government.
We are BO's number one enemy. Not Iran, not Syria not the muslim brotherhood or any other foreign government, the R's are the only one he will NOT negotiate with. I do not appreciate being accused of being a terrorist, having B???s strapped onto me, good lord I have to leave it blank in case they are monitoring everything I say or do. I am sure they are monitoring all of us, we are the terrorists now!
Nice pun. Obviously, the charts show not the income "redistributed" by the government, but the distribution of income across income groups using cumulative distribution function (CDF) which is a pretty typical statistical binomial distribution in the shape of the S-curve (not to be confused with the "growth S-curve").
In other words, to paraphrase, "it's not personal, just statistics." ;-)
Why is that surprising? It would make sense that a median and average "individual" / single income would be much smaller than the one of the group income ("family" or "household," which includes single people and people living together but not married, i.e. filing individual income tax returns).
In addition, the "individuals" generally include [very] young and [very] old, who tend to have much lower incomes.
More interesting is the difference between "family" and "household" income, but it could be explained by inclusion of single households as well as usually poorer households with young unwed mothers and/or fathers.
Also, the charts show income but not necessarily wealth, as some wealthy people are afforded the flexibility of structuring their finances as not necessarily take certain "income" in that particular year, for tax or other considerations.
As you can see from [the steepness of] the curves, [depending on where you live] a lot more of the "families" and "households" should fall into the middle class (somewhere between 25%-30% and 90%-95%) than "individuals" (somewhere between 40%-50% and 90%-95%). It makes sense.
F. Scott Fitzgerald: "Let me tell you about the very rich. They are different from you and me."
Ernest Hemingway: "Yes, they have more money."
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