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The 4.29 million earning over $200,000 earn enough to eliminate unemployment
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raise_the_mi...@hotmail.com
Mar 17, 2013, 11:46:06 PM3/17/13
to
Individual Income Tax Returns
Table 3.5: Returns with Modified Taxable Income: Tax Generated 2010
http://www.irs.gov/uac/SOI-Tax-Stats-Individual-Income-Tax-Returns-Publication-1304-%28Complete-Report%29
According to this above IRS report, in 2010 there were 142 million
(142,892,051) total taxpayers in the United States (pop. 315 million)
with total taxable incomes of $5.5 trillion (5,502,000,658),
generating total taxes of $1 trillion (1,037,745,104).
Further analyses of the data reveals the following:
4.29 million taxpayers made over $200,000.
These 4 million taxpayers had total taxable incomes of $1.89 trillion,
and generated $488 million in taxes. Had these 4.29 million taxpayers
made only $200,000 after taxes, they would have made only $859 billion
after taxes, generating $1 trillion more in taxes. This is enough
money to employ 10 million people at $100,000 a year each –
approximately the number of the nation’s unemployed.
824,584 taxpayers made over $500,000.
These 800 thousand taxpayers had total taxable incomes of $1.1
trillion and generated $307 billion in taxes. Had these 800 thousand
taxpayers made only $500,000 after taxes, they would have made only
$412 billion after taxes, generating $698 billion more in taxes.
280,360 taxpayers made over $1,000,000.
These 280 thousand taxpayers had total taxable incomes of $800 billion
and generated $220 billion in taxes. Had these 280 thousand taxpayers
made only $1 million after taxes, they would have had made only $280
billion after taxes, generating $520 billion more in taxes.
Furthermore: $520 billion is approximately the total taxes generated
by the 138 million taxpayers with incomes of less than $200,000, who
generated $549 billion in tax revenues. In other words, a maximum
income of $1 million after tax would leave almost enough money to have
no taxes at all under $200,000.
153,419 taxpayers made over $1,500,000
These 153 thousand taxpayers had total taxable incomes of $670 billion
and generated $181 billion in taxes. Had these 153 thousand taxpayers
made only $1.5 million after taxes, they would have made only $230
billion after taxes, generating $440 billion more in taxes.
101,869 taxpayers made over $2,000,000
These 101 thousand taxpayers had total taxable incomes of $593 billion
and generated $159 billion in taxes. Had these 101 thousand taxpayers
made only $2 million after taxes, they would have had total incomes of
$203 billion after taxes, generating $390 billion more in taxes.
28,791 taxpayers made over $5,000,000
These 28,791 taxpayers had total taxable incomes of $405 billion and
generated $103 billion in taxes. Had these 28,791 taxpayers made only
$5 million after taxes, they would have had total incomes of $143
billion after taxes, generating $261 billion more in taxes.
11,264 taxpayers made over $10,000,000
These 11,264 taxpayers had total taxable incomes of $300 billion, and
generated $73 billion in taxes. Had these 11,264 taxpayers made only
$10 million after taxes, they would have had total incomes of $112
billion after taxes, and generated $188 billion more in taxes. Their
average income, rather than $10 million was $26 million before taxes.
Corporate taxes totaled $191 billion in 2010.
http://americawhatwentwrong.org/story/taxes-and-corporations/
The top corporate tax rate has been 35% for the past 20 years, since
1993. Before that it was higher; the top tax rate in the 1950’s was
52%. As the following file indicates, it hasn’t been below 35% for 70
years, since 1941.
http://www.taxpolicycenter.org/taxfacts/Content/PDF/corporate_historical_bracket.pdf
As the Wall Street Journal article referenced below notes, corporate
taxes were just 12.1% of profits in 2011, the lowest since 1972.
http://www.google.com/url?sa=t&rct=j&q=With%20Tax%20Break%2C%20Corporate%20Rate%20Is%20Lowest%20in%20Decades%20U.S.%20companies%20are%20booking%20higher%20profits%20than%20ever.%20But%20the%20number%20crunchers%20in%20Washington%20are%20puzzling%20over%20a%20phenomenon%20&source=web&cd=1&ved=0CFAQFjAA&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052970204662204577199492233215330.html&ei=RFW5T4_YFeSIiALr_bnyBg&usg=AFQjCNEBuLhd3ZsvAuu1jjb21eirslNYMw
Also according to http://americawhatwentwrong.org/story/taxes-and-corporations/
“During the 1950s (the decade in which more people joined the middle
class than at any time in history — before or since) corporations paid
49 percent of their profits in taxes. In 2010, it was about half that
rate, a decidedly more modest 26 percent”
”As for the corporate share of total income taxes paid by businesses
and individuals, it has plummeted from 40 percent in 1950, the dawn of
Middle America’s golden age, to 18 percent in 2010.”
Meanwhile, corporations posted an annualized profit of $1.65 trillion
in the fourth quarter of 2010, and corporate cash hoards are high,
standing at over 1 Trillion, for non-financial companies (not
including banks, etc.)
http://blogs.barrons.com/incomeinvesting/2012/03/14/u-s-companies-sitting-on-1-24-trillion-cash-hoard/
However, small businesses are responsible for creating 60 percent of
the net new jobs in the last decade, and while blue chip companies
like Microsoft and Apple may have high corporate cash hoards, middle
market and growth companies likely create a large percentage of the
nation’s jobs as well.
Meanwhile the minimum wage has not increased to keep pace with
increases in GDP per capita.
The minimum wage was $1 in 1956. http://www.infoplease.com/ipa/A0774473.html
Adjusted for inflation that is approximately $8.44 today.
http://www.bls.gov/data/inflation_calculator.htm
Per capita GDP in 1956 was $2,600. http://www.measuringworth.com/usgdp/
Adjusted for inflation, that is approximately $21,946 today.
Per capita GDP today is $48,372. Approximately two times greater than
in 1956.
The federal minimum wage today is $7.25.
Thus the minimum wage should be approximately doubled for the increase
in per capita GDP.
Minimum wage employees will then be able to spend more to stimulate
the economy.
I hope this all has been informative regarding the distribution of
wealth in America.
Table 3.5: Returns with Modified Taxable Income: Tax Generated 2010
http://www.irs.gov/uac/SOI-Tax-Stats-Individual-Income-Tax-Returns-Publication-1304-%28Complete-Report%29
According to this above IRS report, in 2010 there were 142 million
(142,892,051) total taxpayers in the United States (pop. 315 million)
with total taxable incomes of $5.5 trillion (5,502,000,658),
generating total taxes of $1 trillion (1,037,745,104).
Further analyses of the data reveals the following:
4.29 million taxpayers made over $200,000.
These 4 million taxpayers had total taxable incomes of $1.89 trillion,
and generated $488 million in taxes. Had these 4.29 million taxpayers
made only $200,000 after taxes, they would have made only $859 billion
after taxes, generating $1 trillion more in taxes. This is enough
money to employ 10 million people at $100,000 a year each –
approximately the number of the nation’s unemployed.
824,584 taxpayers made over $500,000.
These 800 thousand taxpayers had total taxable incomes of $1.1
trillion and generated $307 billion in taxes. Had these 800 thousand
taxpayers made only $500,000 after taxes, they would have made only
$412 billion after taxes, generating $698 billion more in taxes.
280,360 taxpayers made over $1,000,000.
These 280 thousand taxpayers had total taxable incomes of $800 billion
and generated $220 billion in taxes. Had these 280 thousand taxpayers
made only $1 million after taxes, they would have had made only $280
billion after taxes, generating $520 billion more in taxes.
Furthermore: $520 billion is approximately the total taxes generated
by the 138 million taxpayers with incomes of less than $200,000, who
generated $549 billion in tax revenues. In other words, a maximum
income of $1 million after tax would leave almost enough money to have
no taxes at all under $200,000.
153,419 taxpayers made over $1,500,000
These 153 thousand taxpayers had total taxable incomes of $670 billion
and generated $181 billion in taxes. Had these 153 thousand taxpayers
made only $1.5 million after taxes, they would have made only $230
billion after taxes, generating $440 billion more in taxes.
101,869 taxpayers made over $2,000,000
These 101 thousand taxpayers had total taxable incomes of $593 billion
and generated $159 billion in taxes. Had these 101 thousand taxpayers
made only $2 million after taxes, they would have had total incomes of
$203 billion after taxes, generating $390 billion more in taxes.
28,791 taxpayers made over $5,000,000
These 28,791 taxpayers had total taxable incomes of $405 billion and
generated $103 billion in taxes. Had these 28,791 taxpayers made only
$5 million after taxes, they would have had total incomes of $143
billion after taxes, generating $261 billion more in taxes.
11,264 taxpayers made over $10,000,000
These 11,264 taxpayers had total taxable incomes of $300 billion, and
generated $73 billion in taxes. Had these 11,264 taxpayers made only
$10 million after taxes, they would have had total incomes of $112
billion after taxes, and generated $188 billion more in taxes. Their
average income, rather than $10 million was $26 million before taxes.
Corporate taxes totaled $191 billion in 2010.
http://americawhatwentwrong.org/story/taxes-and-corporations/
The top corporate tax rate has been 35% for the past 20 years, since
1993. Before that it was higher; the top tax rate in the 1950’s was
52%. As the following file indicates, it hasn’t been below 35% for 70
years, since 1941.
http://www.taxpolicycenter.org/taxfacts/Content/PDF/corporate_historical_bracket.pdf
As the Wall Street Journal article referenced below notes, corporate
taxes were just 12.1% of profits in 2011, the lowest since 1972.
http://www.google.com/url?sa=t&rct=j&q=With%20Tax%20Break%2C%20Corporate%20Rate%20Is%20Lowest%20in%20Decades%20U.S.%20companies%20are%20booking%20higher%20profits%20than%20ever.%20But%20the%20number%20crunchers%20in%20Washington%20are%20puzzling%20over%20a%20phenomenon%20&source=web&cd=1&ved=0CFAQFjAA&url=http%3A%2F%2Fonline.wsj.com%2Farticle%2FSB10001424052970204662204577199492233215330.html&ei=RFW5T4_YFeSIiALr_bnyBg&usg=AFQjCNEBuLhd3ZsvAuu1jjb21eirslNYMw
Also according to http://americawhatwentwrong.org/story/taxes-and-corporations/
“During the 1950s (the decade in which more people joined the middle
class than at any time in history — before or since) corporations paid
49 percent of their profits in taxes. In 2010, it was about half that
rate, a decidedly more modest 26 percent”
”As for the corporate share of total income taxes paid by businesses
and individuals, it has plummeted from 40 percent in 1950, the dawn of
Middle America’s golden age, to 18 percent in 2010.”
Meanwhile, corporations posted an annualized profit of $1.65 trillion
in the fourth quarter of 2010, and corporate cash hoards are high,
standing at over 1 Trillion, for non-financial companies (not
including banks, etc.)
http://blogs.barrons.com/incomeinvesting/2012/03/14/u-s-companies-sitting-on-1-24-trillion-cash-hoard/
However, small businesses are responsible for creating 60 percent of
the net new jobs in the last decade, and while blue chip companies
like Microsoft and Apple may have high corporate cash hoards, middle
market and growth companies likely create a large percentage of the
nation’s jobs as well.
Meanwhile the minimum wage has not increased to keep pace with
increases in GDP per capita.
The minimum wage was $1 in 1956. http://www.infoplease.com/ipa/A0774473.html
Adjusted for inflation that is approximately $8.44 today.
http://www.bls.gov/data/inflation_calculator.htm
Per capita GDP in 1956 was $2,600. http://www.measuringworth.com/usgdp/
Adjusted for inflation, that is approximately $21,946 today.
Per capita GDP today is $48,372. Approximately two times greater than
in 1956.
The federal minimum wage today is $7.25.
Thus the minimum wage should be approximately doubled for the increase
in per capita GDP.
Minimum wage employees will then be able to spend more to stimulate
the economy.
I hope this all has been informative regarding the distribution of
wealth in America.
wolfagain
Mar 18, 2013, 1:01:28 AM3/18/13
to
> Table 3.5: Returns with Modified Taxable Income: Tax Generated 2010http://www.irs.gov/uac/SOI-Tax-Stats-Individual-Income-Tax-Returns-Pu...
> Corporate taxes totaled $191 billion in 2010.http://americawhatwentwrong.org/story/taxes-and-corporations/
>
> Also according tohttp://americawhatwentwrong.org/story/taxes-and-corporations/
>
> Per capita GDP in 1956 was $2,600.http://www.measuringworth.com/usgdp/
Gov handout tabs for all you Obama Morons???! Minimum intelligence
equals Minimum wages! Wise Up!!!!!
>
> The top corporate tax rate has been 35% for the past 20 years, since
> 1993. Before that it was higher; the top tax rate in the 1950’s was
> 52%. As the following file indicates, it hasn’t been below 35% for 70
> years, since 1941.http://www.taxpolicycenter.org/taxfacts/Content/PDF/corporate_histori...
> The top corporate tax rate has been 35% for the past 20 years, since
> 1993. Before that it was higher; the top tax rate in the 1950’s was
> 52%. As the following file indicates, it hasn’t been below 35% for 70
>
> As the Wall Street Journal article referenced below notes, corporate
> taxes were just 12.1% of profits in 2011, the lowest since 1972.http://www.google.com/url?sa=t&rct=j&q=With%20Tax%20Break%2C%20Corpor...
> As the Wall Street Journal article referenced below notes, corporate
>
> Also according tohttp://americawhatwentwrong.org/story/taxes-and-corporations/
> “During the 1950s (the decade in which more people joined the middle
> class than at any time in history — before or since) corporations paid
> 49 percent of their profits in taxes. In 2010, it was about half that
> rate, a decidedly more modest 26 percent”
> ”As for the corporate share of total income taxes paid by businesses
> and individuals, it has plummeted from 40 percent in 1950, the dawn of
> Middle America’s golden age, to 18 percent in 2010.”
>
> Meanwhile, corporations posted an annualized profit of $1.65 trillion
> in the fourth quarter of 2010, and corporate cash hoards are high,
> standing at over 1 Trillion, for non-financial companies (not
> including banks, etc.)http://blogs.barrons.com/incomeinvesting/2012/03/14/u-s-companies-sit...
> class than at any time in history — before or since) corporations paid
> 49 percent of their profits in taxes. In 2010, it was about half that
> rate, a decidedly more modest 26 percent”
> ”As for the corporate share of total income taxes paid by businesses
> and individuals, it has plummeted from 40 percent in 1950, the dawn of
> Middle America’s golden age, to 18 percent in 2010.”
>
> Meanwhile, corporations posted an annualized profit of $1.65 trillion
> in the fourth quarter of 2010, and corporate cash hoards are high,
> standing at over 1 Trillion, for non-financial companies (not
>
> However, small businesses are responsible for creating 60 percent of
> the net new jobs in the last decade, and while blue chip companies
> like Microsoft and Apple may have high corporate cash hoards, middle
> market and growth companies likely create a large percentage of the
> nation’s jobs as well.
>
> Meanwhile the minimum wage has not increased to keep pace with
> increases in GDP per capita.
>
> The minimum wage was $1 in 1956. http://www.infoplease.com/ipa/A0774473.html
>
> Adjusted for inflation that is approximately $8.44 today.http://www.bls.gov/data/inflation_calculator.htm
> However, small businesses are responsible for creating 60 percent of
> the net new jobs in the last decade, and while blue chip companies
> like Microsoft and Apple may have high corporate cash hoards, middle
> market and growth companies likely create a large percentage of the
> nation’s jobs as well.
>
> Meanwhile the minimum wage has not increased to keep pace with
> increases in GDP per capita.
>
> The minimum wage was $1 in 1956. http://www.infoplease.com/ipa/A0774473.html
>
>
> Per capita GDP in 1956 was $2,600.http://www.measuringworth.com/usgdp/
>
> Adjusted for inflation, that is approximately $21,946 today.
>
> Per capita GDP today is $48,372. Approximately two times greater than
> in 1956.
>
> The federal minimum wage today is $7.25.
>
> Thus the minimum wage should be approximately doubled for the increase
> in per capita GDP.
>
> Minimum wage employees will then be able to spend more to stimulate
> the economy.
>
> I hope this all has been informative regarding the distribution of
> wealth in America.
Who in the hell do you think are picking up the Food Stamp and Rent
> Adjusted for inflation, that is approximately $21,946 today.
>
> Per capita GDP today is $48,372. Approximately two times greater than
> in 1956.
>
> The federal minimum wage today is $7.25.
>
> Thus the minimum wage should be approximately doubled for the increase
> in per capita GDP.
>
> Minimum wage employees will then be able to spend more to stimulate
> the economy.
>
> I hope this all has been informative regarding the distribution of
> wealth in America.
Gov handout tabs for all you Obama Morons???! Minimum intelligence
equals Minimum wages! Wise Up!!!!!
Fred Brown
Mar 20, 2013, 4:27:01 PM3/20/13
to
<raise_the_mi...@hotmail.com> wrote in message
news:09ca2155-d9b7-4ca5...@h14g2000vbe.googlegroups.com...
over $16,000.
Yak
Mar 20, 2013, 5:01:56 PM3/20/13
to
> Table 3.5: Returns with Modified Taxable Income: Tax Generated 2010http://www.irs.gov/uac/SOI-Tax-Stats-Individual-Income-Tax-Returns-Pu...
> Corporate taxes totaled $191 billion in 2010.http://americawhatwentwrong.org/story/taxes-and-corporations/
>
> Per capita GDP in 1956 was $2,600.http://www.measuringworth.com/usgdp/
>
> The top corporate tax rate has been 35% for the past 20 years, since
> 1993. Before that it was higher; the top tax rate in the 1950’s was
> 52%. As the following file indicates, it hasn’t been below 35% for 70
> years, since 1941.http://www.taxpolicycenter.org/taxfacts/Content/PDF/corporate_histori...
> The top corporate tax rate has been 35% for the past 20 years, since
> 1993. Before that it was higher; the top tax rate in the 1950’s was
> 52%. As the following file indicates, it hasn’t been below 35% for 70
>
> As the Wall Street Journal article referenced below notes, corporate
> As the Wall Street Journal article referenced below notes, corporate
> taxes were just 12.1% of profits in 2011, the lowest since 1972.http://www.google.com/url?sa=t&rct=j&q=With%20Tax%20Break%2C%20Corpor...
>
> Also according tohttp://americawhatwentwrong.org/story/taxes-and-corporations/
>
> “During the 1950s (the decade in which more people joined the middle
> class than at any time in history — before or since) corporations paid
> 49 percent of their profits in taxes. In 2010, it was about half that
> rate, a decidedly more modest 26 percent”
> ”As for the corporate share of total income taxes paid by businesses
> and individuals, it has plummeted from 40 percent in 1950, the dawn of
> Middle America’s golden age, to 18 percent in 2010.”
>
> Meanwhile, corporations posted an annualized profit of $1.65 trillion
> in the fourth quarter of 2010, and corporate cash hoards are high,
> standing at over 1 Trillion, for non-financial companies (not
> including banks, etc.)http://blogs.barrons.com/incomeinvesting/2012/03/14/u-s-companies-sit...
> class than at any time in history — before or since) corporations paid
> 49 percent of their profits in taxes. In 2010, it was about half that
> rate, a decidedly more modest 26 percent”
> ”As for the corporate share of total income taxes paid by businesses
> and individuals, it has plummeted from 40 percent in 1950, the dawn of
> Middle America’s golden age, to 18 percent in 2010.”
>
> Meanwhile, corporations posted an annualized profit of $1.65 trillion
> in the fourth quarter of 2010, and corporate cash hoards are high,
> standing at over 1 Trillion, for non-financial companies (not
>
> However, small businesses are responsible for creating 60 percent of
> the net new jobs in the last decade, and while blue chip companies
> like Microsoft and Apple may have high corporate cash hoards, middle
> market and growth companies likely create a large percentage of the
> nation’s jobs as well.
>
> Meanwhile the minimum wage has not increased to keep pace with
> increases in GDP per capita.
>
> The minimum wage was $1 in 1956. http://www.infoplease.com/ipa/A0774473.html
>
> Adjusted for inflation that is approximately $8.44 today.http://www.bls.gov/data/inflation_calculator.htm
> However, small businesses are responsible for creating 60 percent of
> the net new jobs in the last decade, and while blue chip companies
> like Microsoft and Apple may have high corporate cash hoards, middle
> market and growth companies likely create a large percentage of the
> nation’s jobs as well.
>
> Meanwhile the minimum wage has not increased to keep pace with
> increases in GDP per capita.
>
> The minimum wage was $1 in 1956. http://www.infoplease.com/ipa/A0774473.html
>
>
> Per capita GDP in 1956 was $2,600.http://www.measuringworth.com/usgdp/
>
> Adjusted for inflation, that is approximately $21,946 today.
>
> Per capita GDP today is $48,372. Approximately two times greater than
> in 1956.
>
> The federal minimum wage today is $7.25.
>
> Thus the minimum wage should be approximately doubled for the increase
> in per capita GDP.
How much are you willing to pay for goods and services?
> Adjusted for inflation, that is approximately $21,946 today.
>
> Per capita GDP today is $48,372. Approximately two times greater than
> in 1956.
>
> The federal minimum wage today is $7.25.
>
> Thus the minimum wage should be approximately doubled for the increase
> in per capita GDP.
Fred Brown
Mar 21, 2013, 9:44:02 AM3/21/13
to
"Yak" <y...@inbox.com> wrote in message
news:8fa2d510-f9c3-4c33...@u7g2000yqg.googlegroups.com...
On Mar 17, 11:46 pm, raise_the_minimum_wag...@hotmail.com wrote:
> Individual Income Tax Returns
> Table 3.5: Returns with Modified Taxable Income: Tax Generated
> 2010http://www.irs.gov/uac/SOI-Tax-Stats-Individual-Income-Tax-Returns-Pu...
>
> According to this above IRS report, in 2010 there were 142 million
> (142,892,051) total taxpayers in the United States (pop. 315 million)
> with total taxable incomes of $5.5 trillion (5,502,000,658),
> generating total taxes of $1 trillion (1,037,745,104).
>
> Further analyses of the data reveals the following:
>
> 4.29 million taxpayers made over $200,000.
> These 4 million taxpayers had total taxable incomes of $1.89 trillion,
> and generated $488 million in taxes. Had these 4.29 million taxpayers
> made only $200,000 after taxes, they would have made only $859 billion
> after taxes, generating $1 trillion more in taxes. This is enough
> money to employ 10 million people at $100,000 a year each �
> Individual Income Tax Returns
> Table 3.5: Returns with Modified Taxable Income: Tax Generated
> 2010http://www.irs.gov/uac/SOI-Tax-Stats-Individual-Income-Tax-Returns-Pu...
>
> According to this above IRS report, in 2010 there were 142 million
> (142,892,051) total taxpayers in the United States (pop. 315 million)
> with total taxable incomes of $5.5 trillion (5,502,000,658),
> generating total taxes of $1 trillion (1,037,745,104).
>
> Further analyses of the data reveals the following:
>
> 4.29 million taxpayers made over $200,000.
> These 4 million taxpayers had total taxable incomes of $1.89 trillion,
> and generated $488 million in taxes. Had these 4.29 million taxpayers
> made only $200,000 after taxes, they would have made only $859 billion
> after taxes, generating $1 trillion more in taxes. This is enough
> approximately the number of the nation�s unemployed.
> 52%. As the following file indicates, it hasn�t been below 35% for 70
> years, since
> 1941.http://www.taxpolicycenter.org/taxfacts/Content/PDF/corporate_histori...
>
> As the Wall Street Journal article referenced below notes, corporate
> taxes were just 12.1% of profits in 2011, the lowest since
> 1972.http://www.google.com/url?sa=t&rct=j&q=With%20Tax%20Break%2C%20Corpor...
>
> Also according
> tohttp://americawhatwentwrong.org/story/taxes-and-corporations/
> �During the 1950s (the decade in which more people joined the middle
> 1941.http://www.taxpolicycenter.org/taxfacts/Content/PDF/corporate_histori...
>
> As the Wall Street Journal article referenced below notes, corporate
> taxes were just 12.1% of profits in 2011, the lowest since
> 1972.http://www.google.com/url?sa=t&rct=j&q=With%20Tax%20Break%2C%20Corpor...
>
> Also according
> tohttp://americawhatwentwrong.org/story/taxes-and-corporations/
> class than at any time in history � before or since) corporations paid
> 49 percent of their profits in taxes. In 2010, it was about half that
> rate, a decidedly more modest 26 percent�
> �As for the corporate share of total income taxes paid by businesses
> and individuals, it has plummeted from 40 percent in 1950, the dawn of
> Middle America�s golden age, to 18 percent in 2010.�
>
> Meanwhile, corporations posted an annualized profit of $1.65 trillion
> in the fourth quarter of 2010, and corporate cash hoards are high,
> standing at over 1 Trillion, for non-financial companies (not
> including banks,
> etc.)http://blogs.barrons.com/incomeinvesting/2012/03/14/u-s-companies-sit...
>
> However, small businesses are responsible for creating 60 percent of
> the net new jobs in the last decade, and while blue chip companies
> like Microsoft and Apple may have high corporate cash hoards, middle
> market and growth companies likely create a large percentage of the
> nation�s jobs as well.
> Meanwhile, corporations posted an annualized profit of $1.65 trillion
> in the fourth quarter of 2010, and corporate cash hoards are high,
> standing at over 1 Trillion, for non-financial companies (not
> including banks,
> etc.)http://blogs.barrons.com/incomeinvesting/2012/03/14/u-s-companies-sit...
>
> However, small businesses are responsible for creating 60 percent of
> the net new jobs in the last decade, and while blue chip companies
> like Microsoft and Apple may have high corporate cash hoards, middle
> market and growth companies likely create a large percentage of the
>
> Meanwhile the minimum wage has not increased to keep pace with
> increases in GDP per capita.
>
> The minimum wage was $1 in 1956.
> http://www.infoplease.com/ipa/A0774473.html
>
> Adjusted for inflation that is approximately $8.44
> today.http://www.bls.gov/data/inflation_calculator.htm
>
> Per capita GDP in 1956 was $2,600.http://www.measuringworth.com/usgdp/
>
> Adjusted for inflation, that is approximately $21,946 today.
>
> Per capita GDP today is $48,372. Approximately two times greater than
> in 1956.
>
> The federal minimum wage today is $7.25.
>
> Thus the minimum wage should be approximately doubled for the increase
> in per capita GDP.
How much are you willing to pay for goods and services?
Once the $22 minimum wage is in effect he will be demanding a raise
> Meanwhile the minimum wage has not increased to keep pace with
> increases in GDP per capita.
>
> The minimum wage was $1 in 1956.
> http://www.infoplease.com/ipa/A0774473.html
>
> Adjusted for inflation that is approximately $8.44
> today.http://www.bls.gov/data/inflation_calculator.htm
>
> Per capita GDP in 1956 was $2,600.http://www.measuringworth.com/usgdp/
>
> Adjusted for inflation, that is approximately $21,946 today.
>
> Per capita GDP today is $48,372. Approximately two times greater than
> in 1956.
>
> The federal minimum wage today is $7.25.
>
> Thus the minimum wage should be approximately doubled for the increase
> in per capita GDP.
How much are you willing to pay for goods and services?
because he can't afford the cost of goods and services.
It will be back to square one.
The minimum wage was intended to be a starting wage for unskilled
workers entering the job market, it was not intended to be a substinence
wage.
Some people think they should be paid like rocket scientists for pick and
shovel
work.
Message has been deleted
Yak
Mar 21, 2013, 2:44:30 PM3/21/13
to
On Mar 21, 2:35 pm, Yoorg...@Jurgis.net wrote:
> competitive rate.
No it's not. It's intended to let the market set the rate based on
what people are willing to pay. So, do you want to answer my question
or not?
>
> Tell us how the HC system is "competetive"; the Oil Companies, the
> Drug manufacturors, Food suppliers, etc, etc.
>
> The hundreds of millions rolling into republicans to alter, deregulate
> and modify tax codes is patently offensive when the goal is to
> increase wealth instead of competititon.
> On Wed, 20 Mar 2013 14:01:56 -0700 (PDT), Yak <y...@inbox.com> wrote:
> >> Thus the minimum wage should be approximately doubled for the increase
> >> in per capita GDP.
>
> >How much are you willing to pay for goods and services?
>
> Capitalism is intended to provide "goods and services" at a
> >> Thus the minimum wage should be approximately doubled for the increase
> >> in per capita GDP.
>
> >How much are you willing to pay for goods and services?
>
> competitive rate.
No it's not. It's intended to let the market set the rate based on
what people are willing to pay. So, do you want to answer my question
or not?
>
> Tell us how the HC system is "competetive"; the Oil Companies, the
> Drug manufacturors, Food suppliers, etc, etc.
>
> The hundreds of millions rolling into republicans to alter, deregulate
> and modify tax codes is patently offensive when the goal is to
> increase wealth instead of competititon.
Oglethorpe
Mar 21, 2013, 8:44:18 PM3/21/13
to
<Yoor...@Jurgis.net> wrote in message
news:bjkmk89h3ieet7d04...@4ax.com...
>>> Thus the minimum wage should be approximately doubled for the increase
>>> in per capita GDP.
>>
>>How much are you willing to pay for goods and services?
>
>>> in per capita GDP.
>>
>>How much are you willing to pay for goods and services?
>
> Capitalism is intended to provide "goods and services" at a
> competitive rate.
>
> competitive rate.
>
> Tell us how the HC system is "competetive"; the Oil Companies, the
> Drug manufacturors, Food suppliers, etc, etc.
>
Tell us how they're not.
> Drug manufacturors, Food suppliers, etc, etc.
>
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