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01/13/2013

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Sherwood Harrington

The huge grin I had while reading the first part of this (go spiky space balls!) was replaced by a huger one of an entirely different character brought on by the looks on the faces of that poor, poor, pathetic family of six in their abject misery. Only $180,000 in investment income? They should fire their broker.

phred

Yes, but you have to remember that these people really are very, very poor. The single woman with two children (who pays far more in taxes than I make, BTW) might have to sell one of her children just to make ends meet. You can tell she's contemplating her horrible fate--she looks exactly like one of those women Dorothea Lange captured so memorably during the Depression. Even worse, if gas prices go any higher, she might have to use *gasp* public transportation, and risk getting cooties or something. My heart goes out to them all. Just not very much.

Bill

Speaking as a retired person, I'd sure as hell like to know where that couple is getting $180K from, if $52K is from investments. Oh, wait, I'm guessing they must be former civil servants, or teachers, or somebody like that living off the public teat. Or maybe old UAW line workers in their 80s and 90s who retired 30 years ago.

And, I don't know, that single mom making $260K? I'll bet most of that's from alimony, right? Or maybe she's a hooker? Or is that un-PC of me?

The Abbot of Unreason

Well at least the African American couple didn't get an increase in taxes. That's what I'm supposed to take away from that graphic, right?

Sherwood Harrington

Everybody in that graphic looks like they just saw Les Miz.

Mark Jackson

Mike, I think that you'll find that the 2% FICA cut that is expiring was only on the employee side. Since you never got a reduction in the other part you pay you're not getting an increase there now. Doesn't that make you feel better?

Mary in Ohio

And all this time I thought the WSJ didn't have a comics page!

d clay

I looked at the first page of the comments after the Laura Saunders column. Boy were they depressing. Pretty much the same rhetoric that we were treated to during the last election: anger toward Obama and the '47%' and claims that the '1%' got _all_ their money just for working hard for it.


Also, good point by Mark.

Mike Peterson

I've seen so much conflicting or non-responsive information that I'm leaving it in the hands of my accountant, Mr. Turbotax. Who does not stand out on the street corner dressed as the Statue of Liberty.

Lost in A**2

Hmmm.... On the Street, a 10% return is a good investment. So what does that mean for the folks above? The single mom has $350,000 invested. The retired couple have $520,000. Y'all can do the arithmetic for the rest of them.

And, of course, interests are WAY down. Fantasy, for sure.

Dann

Of course, my take-away was a bit different.

Folks that make that type of money typically live in big cities that have a significantly higher cost of living. While a couple such folks might live in my county, the vast majority live somewhere with much higher real estate (and other) costs.

I'd be glad to swap incomes as well, as long as the only increased costs were the taxes.

Don't take any of the above as not appreciating your point, Mike. It certainly is much easier to get by on $250k instead of $30-40k. Just pointing out a mild soft spot in the argument.

Woodrowfan

I live in a very expensive city. A single mom making $250,000 is pretty darn well off unless they have a boat-load of medical bills or some such. Same with a married couple make $650,000.

Sherwood Harrington

I live near and work in what is probably the most expensive area East of Honolulu and West of Manhattan: Silicon Valley. I don't make anyplace close to what any of the cardboard cutouts in that graphic do, and somehow I manage to live pretty well.

What's your point, Dann? That I'm supposed to feel sorry for somebody who pulls down an order of magnitude more than I do just because he and I have to pay more for stuff than most folks do? Not going to happen.

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