Showing posts with label economics. Show all posts
Showing posts with label economics. Show all posts

Sunday, October 26, 2008

On the Road Meets the Web Generation



This one goes out to Official Friend of the Brink Ben; I'm a little afraid that he will actually follow the example of these folks and sell all that he has, buy an RV, have a kid named Tristan, and commence to drive around the continental US, stopping at campgrounds to be an occasional knowledge worker.

Tuesday, May 06, 2008

Taxing the Rich

It's election season, so the various candidates pull out their go-to rhetoric and we hear vague truisms about very complex issues like taxations shouted at us a lot. I found a very interesting breakdown for 2005, the most recent year for which breakdowns are available.

Before you check it out, ask yourself if you can answer some basic questions about the current tax structure in the US:
  1. What percentage does the average American pay in federal income tax?
  2. What percentage of Americans filing income tax returns didn't end up paying any?
  3. Are you rich?
This article hits those points, and plenty of others, and it's interesting stuff. The 2005 answers to the above questions are 13.6%, 32.6%, and you're rich if you made 61,055 or more (if you define rich as the top 25% of Americans).

I don't know about you but my target income is above 61K, so remember next time you vote to soak the rich that it could be you and me.