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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum

GLD 374.96

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Nov 19 4:00 PM EST

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To: TobagoJack who wrote (20906)	8/8/2007 7:22:04 AM
From: KyrosL	Read Replies (1) of 217897

More than 30% of US homeowners have no mortgage. On incomes of around $50,0000, federal income taxes after deductions and credits are a couple of thousand or so for a typical household. Social security taxes come to $4,000. So total taxes are around $6,000. Many families at that income level rent. $1,000 a month will rent a fairly decent place in most of the US. Used cars are pretty cheap. I think that even a $50,000 household can save 20% of its income in most of the USA, if they are taught how to do it. Households with more than that can save even more. The big problem in the US is a very distorted image on how to consume and live propagated by the all pervasive media and popular culture, compounded by innumeracy in most of the population.

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