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A comment on Inequality, Interest Rates, Aging, and the Role of Central Banks. Parent comment

Re:Inequality, Interest Rates, Aging, and the Role of Centra... by rmah on Wednesday September 01, 2021 @10:03AM (#28379952)
Median household income in the US is $80k/yr. If you live in say Houston or Orlando a married couple will pay $6,230 in federal income tax + $6,120 in FICA for a total of $12,350 in taxes or 15.4%. If they have children, they will pay less.

A lower middle-class couple with similar circumstances making $50k will pay 12.9% in taxes.

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Re:Inequality, Interest Rates, Aging, and the Role of Centra... by rgrieselhuber on Wednesday September 01, 2021 @10:09AM (#28380031)
This doesn't take into account property tax, sales taxes, fuel taxes, car registration fees, etc.
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Re:Inequality, Interest Rates, Aging, and the Role of Centra... by dragonwriter on Wednesday September 01, 2021 @10:41AM (#28380432)
> Median household income in the US is $80k/yr.

No, its not, its about $65K. Though Google’s Knowledge Graph pulls a snippet about the structurally higher median family income if you search for median household income.

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