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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Ilaine who wrote (81489)	10/16/2011 3:21:37 PM
From: Ilaine	Read Replies (2) \| Respond to of 218341

Don't remember how to make Excel charts. Can't get it to stay spaced. Dang. I used to remember know to do it, sorry. Just click the link, it will make a nice table of the data. Uses "money income" only, as defined below. Mother Jones has a much better chart maker than me, but they are misusing the data. Year 2010 Lowest fifth 11,034 Second fifth 28,636 Third fifth 49,309 Fourth fifth 79,040 Highest fifth 169,633 Top 5 percent 287,686 census.gov About Income Census money income is defined as income received on a regular basis (exclusive of certain money receipts such as capital gains) before payments for personal income taxes, social security, union dues, medicare deductions, etc. Therefore, money income does not reflect the fact that some families receive part of their income in the form of noncash benefits, such as food stamps, health benefits, subsidized housing, and goods produced and consumed on the farm. In addition, money income does not reflect the fact that noncash benefits are also received by some nonfarm residents which may take the form of the use of business transportation and facilities, full or partial payments by business for retirement programs, medical and educational expenses, etc. Data users should consider these elements when comparing income levels. Moreover, users should be aware that for many different reasons there is a tendency in household surveys for respondents to underreport their income. Based on an analysis of independently derived income estimates, the Census Bureau determined that respondents report income earned from wages or salaries much better than other sources of income and that the reported wage and salary income is nearly equal to independent estimates of aggregate income. Census also derives alternative income measures that systematically remove or add various income components such as deducting payroll taxes and federal and state income taxes and including the value of specific noncash benefits, food stamps, school lunches, housing subsidies, health insurance programs, and return on home equity. These alternative measures are derived from information collected in Census surveys along with information from other agencies such as the Centers for Medicare and Medicaid Services (CMS), the U.S. Bureau of Labor Statistics, the U.S. Department of Agriculture, the U.S. Internal Revenue Service, and the U.S. Office of Personnel Management (OPM). census.gov

To: Ilaine who wrote (81489)	10/16/2011 4:29:57 PM
From: Cogito Ergo Sum	3 Recommendations Read Replies (1) \| Respond to of 218341

A quick skim shows this statement... top two income quintiles, those with an annual household income exceeding $60,000 What is a household.. ? 2, 3, 4, more.. quite a difference.. and in the case of more than two earners.. individually that's not much eh ? plus add kids.. care for them if both parents working.. comes back to something discussed here before.. 60K in Toronto for a family of 4... is far from affluent.... not close.. so that data is just as much a fast one IMO.. you need to break it out far better than household... 60K is affluent because the second best quintile makes that much ? bottom line is crisis abetted by your government.... little folks don't get bailed out and take it on the chin.. while perpetrators rise off into the sunset at worst with nice severance packages worth lifetimes of the second from the top 'household' income.. Something is not right.. When the US is called the richest coutry in the world... do we toss out the Gates, Buffets, Chambers, Jobs group first ? Maybe the US is not a very rich country then .. if we likewise do that... just a few pockets of extreme wealth that skew that fact ?