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Non-Tech : Kirk's Market Thoughts -- Ignore unavailable to you. Want to Upgrade?

To: Da Rookie who wrote (296)	12/17/2013 4:28:12 PM
From: Kirk ©	Respond to of 26514

That is a good start! Just for starts 200,000 x 42,321 (Avg 2012 wage) x 15% = 1,329,630,000 Can't imagine 200,000 jobs are you're average jobs A LOT of good paying tech jobs here in the Bay Area so maybe the average is not too far off... from US Federal tax bracket rates for 2013 Head of Household Filing Status [Tax Rate Schedule Z, Internal Revenue Code section 1(b)] 10% on taxable income from $0 to $12,750, plus 15% on taxable income over $12,750 to $48,600 So your 15% will be a bit high but close enough .. Add in both sides of payroll tax plus medicare irs.gov 6.2%+6.2%+1.45%+1.45% 12.4%+2.9% 15.3% So roughly 30% of new wages for a $42K worker return to the government! Add in any savings from not paying unemployment.... Anyone still think we don't pay much in taxes.... so that can double your calculation to $2.6B... call it $3B with less unemployment paid... Still pretty small compared to $85B a month QE....