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


To: Fiscally Conservative who wrote (145306)1/10/2019 9:08:25 PM
From: TobagoJack1 Recommendation

Recommended By
marcher

  Read Replies (1) | Respond to of 217662
 
re <<I truly wonder how accurate that is. Far too many, seemingly so, make too little>>
the data seems valid, and triangulates well

if so, the question re trump supporters remains open - which income classes accounts for 80% of his support base?

en.wikipedia.org








To: Fiscally Conservative who wrote (145306)1/10/2019 9:09:17 PM
From: TobagoJack1 Recommendation

Recommended By
marcher

  Read Replies (2) | Respond to of 217662
 
some say below ...

washingtonpost.com




To: Fiscally Conservative who wrote (145306)1/11/2019 9:47:56 AM
From: Horgad  Read Replies (1) | Respond to of 217662
 
They pulled the data straight from Social Security taxable wages data...so it shows something for sure, but its a bit skewed on what it actually shows because of the nature of the data. For example on high end, it doesn't include non wage data which is a big part of the wealth disparity. And on the low end, it includes lots of people who work part time as a supplement and not as a main source of income.

ssa.gov

Anyhow, I took a look and for fun pulled out a couple of tidbits...

In 2008, 155,435,000 reported taxable wages in the US.
In 2017, 165,438,000 reported taxable wages in the US.

For a gain of 6.4%. reporting taxable wages.

Over that same time period, population of the US increased from 303,202,683 to 325,720,000.
For a gain of 7.4% people.

So population increased faster than those reporting taxable wages, but not dramatically...likely due to the aging population plus the housing crash recovery still in progress almost 10 years after the fact.

Also, over that time frame, average reported wages increased 21.7% while cumulative inflation was 17.27% based on CPI (not shadow stats which would be much, much higher).