In fact: "According to the Florida Education Association, during the 2002-03 school year, teachers in Union County are paid the lowest at $24,204 for first-year teachers with a bachelors degree.
Doing a little research, I found the single teacher making $5,000 in 1964 paid $880.50 in Soc Sec and income taxes. 17.61%
The same teacher making $24,204 in 2004 paid $5783.81 in Soc Sec and income taxes. 23.90%.
I wonder if that has anything to do with the unaffordability of new cars?
http://taxpolicycenter.org/TaxFacts/TFDB/TFTemplate.cfm?Docid=45&Topic2id=50
http://www.ustreas.gov/offices/tax-policy/library/ota81.pdf
http://www.irs.gov/pub/irs-soi/02inpetr.pdf
http://www.irs.gov/pub/irs-soi/03inta.xls
174 - "Doing a little research, I found the single teacher making $5,000 in 1964 paid $880.50 in Soc Sec and income taxes. 17.61%
The same teacher making $24,204 in 2004 paid $5783.81 in Soc Sec and income taxes. 23.90%.
I wonder if that has anything to do with the unaffordability of new cars?"
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So, with after tax incomes, 1964 = 4119 and 2004 = 18419, a person could buy 2.3 minimal 1964 VW's or 1.1 minimal 2004 VW's.
Or put another way, in after tax income, it took working .44 years to buy a VW in 1964, and in 2004 it takes .92 years to buy a new beetle.
Now, applying the same 1964 tax rate to the price/salary,
today, a person could buy 1.17 new VW's or in other words work .85 years.
So, while taxes have gone up, the effective cost of the car has gone up markedly, in fact you now have to work about twice as long to afford essentially the same minimal class/type of car.