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Millennial men with different incomes

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Re: Millennial men with different incomes

#61

Post by vibrato »

bertiewhykovich wrote: post #57
lusen wrote: post #52

Earlier quoted context omitted.

The important thing is to be awareness of this disparity. It's often set up as a false dichotomy: you either have to feel guilty, or you have to ignore and forget poverty and privilege. It's ok to observe differences and then keep that in mind when relating to other people. Use this knowledge to be more empathetic. Be kinder. Be grounded. Be connected. You can lead your best life earning tons of money while also unde…

While I appreciate the good intentions behind this ethos, and the value it may contain, I gotta ask: what real good does this awareness accomplish? I can be as aware as I want of the vast extent to which the system from which I've reaped such rewards has crushed the life from others -- what of it? What good does it do them?

If you have this awareness and a hefty surplus of resources, you're likely to use it to improve society in some way. Likely driven by your own desire to feel good about yourself, yet still effective.

Re: Millennial men with different incomes

#62

Post by belovedeagle »

rfrank wrote: post #43
belovedeagle wrote: post #35

Earlier quoted context omitted.

Why do you associate public transit use and not owning a car with low income? I make $100k+ and I don't own a car; I commute to work every day on public transit (with two transfers on the return journey, something a lot of people say high earners won't do) and I use public transit to get around whenever possible.

http://www.governing.com/topics/transportation-infrastructur...

So 92% of Seattle (the city, not the region, which is a weird way to look at Seattle transit, but sure) transit commuters are above the poverty line...?

That's literally all the data actually said. If your no-content comment was supposed to convey something else, I'm afraid it's lost on me.

Re: Millennial men with different incomes

#63

Post by nicky0 »

dogma1138 wrote: post #47
michaelchisari wrote: post #18

Earlier quoted context omitted.

As pointed out above, though, top 10% is not a very useful metric.

Are the bottom 10% a better statistic? In the UK the bottom 10% pays 43% of the tax burden, many of them do not pay income tax at all. This is what you get when you have both direct and indirect taxes, income tax in the UK is only 29% of the total Tax Revenue corporate tax revenue is on the other hand only 8%, capital gains taxes are People always claim Europe this Europe that look at how well they tax the rich, well…

Bottom 10% pays 43% of tax burden - are you sure? That doesn't sound like it can possibly be right.

Re: Millennial men with different incomes

#64

Post by jomamaxx »

dogma1138 wrote: post #47
michaelchisari wrote: post #18

Earlier quoted context omitted.

As pointed out above, though, top 10% is not a very useful metric.

Are the bottom 10% a better statistic? In the UK the bottom 10% pays 43% of the tax burden, many of them do not pay income tax at all. This is what you get when you have both direct and indirect taxes, income tax in the UK is only 29% of the total Tax Revenue corporate tax revenue is on the other hand only 8%, capital gains taxes are People always claim Europe this Europe that look at how well they tax the rich, well…

I think you meant to say - the top 10% pay 43% of the tax burden.

Re: Millennial men with different incomes

#65

Post by [deleted] »

jomamaxx wrote: post #64
dogma1138 wrote: post #47

Earlier quoted context omitted.

Are the bottom 10% a better statistic? In the UK the bottom 10% pays 43% of the tax burden, many of them do not pay income tax at all. This is what you get when you have both direct and indirect taxes, income tax in the UK is only 29% of the total Tax Revenue corporate tax revenue is on the other hand only 8%, capital gains taxes are People always claim Europe this Europe that look at how well they tax the rich, well…

I think you meant to say - the top 10% pay 43% of the tax burden.

[deleted]

Re: Millennial men with different incomes

#66

Post by dogma1138 »

nicky0 wrote: post #63
dogma1138 wrote: post #47

Earlier quoted context omitted.

Are the bottom 10% a better statistic? In the UK the bottom 10% pays 43% of the tax burden, many of them do not pay income tax at all. This is what you get when you have both direct and indirect taxes, income tax in the UK is only 29% of the total Tax Revenue corporate tax revenue is on the other hand only 8%, capital gains taxes are People always claim Europe this Europe that look at how well they tax the rich, well…

Bottom 10% pays 43% of tax burden - are you sure? That doesn't sound like it can possibly be right.

My wording wasn't optimal, I meant to say that the tax burden on the bottom 10% is 43%, that's the percentage of income they lose to taxes while the top 10% only lose 35%. https://www.equalitytrust.org.uk/sites/default/files/unfair_...

Re: Millennial men with different incomes

#67

Post by unprepare »

rayiner wrote: post #5

The comments about taxes are really interesting. There is a perception in the U.S. that the wealthy don't pay enough taxes, but in reality the top 10% carries a much a larger share of the tax burden (relative to their share of income) than in countries like the U.K., France, Germany, and Sweden: https://www.washingtonpost.com/news/wonk/wp/2013/04/05/ameri... . So the question is: where does this perception come from?…

The average income of the richest 10% is US$93,000

The minimum income to be in the top 1% is US$493,000

I'd love to see these figures broken down to 1% or .1% level to see if what you point out holds true

Re: Millennial men with different incomes

#69

Post by infinite8s »

unprepare wrote: post #67
rayiner wrote: post #5

The comments about taxes are really interesting. There is a perception in the U.S. that the wealthy don't pay enough taxes, but in reality the top 10% carries a much a larger share of the tax burden (relative to their share of income) than in countries like the U.K., France, Germany, and Sweden: https://www.washingtonpost.com/news/wonk/wp/2013/04/05/ameri... . So the question is: where does this perception come from?…

The average income of the richest 10% is US$93,000 The minimum income to be in the top 1% is US$493,000 I'd love to see these figures broken down to 1% or .1% level to see if what you point out holds true

The average is heavily overweighted when looking at the top quantiles, since income is lower bounded by zero but effective unbounded on the positive side. A better number is to look at median income.

Re: Millennial men with different incomes

#70

Post by dtemp »

Mystrl wrote: post #45
MrFoof wrote: post #40

Earlier quoted context omitted.

My first job was at a Wal-Mart. My second job was at a meatpacking plant, because it simply paid better. My third job after busting my ass at home was doing web dev, back in the late 90s, in which I was hilariously underpaid. Today I'm a self-employed data warehousing and database performance consultant with no shortage of work and paying myself about what the Junkluggers guy does. There's a way out if you bust your…

Do most people actually have short commutes? I think I've grown so used to commuting an hour + each way doesn't faze me at all. In high school it was 45 mintues on a bus each way. University was bus bus skytrain bus for about an hour and 45 minutes and work now is bus bus train skytrain taking about 80 minutes. Honestly I would rather spend 80 minutes on transit than 45 minutes diving since I can sleep on the train i…

Maybe this is the way that I've been lucky, but I was always either a 10min drive or a 5min walk from school as a boy, depending on which building (elementary/middle/high school). At college, I was on campus, and a 10min walk from anything. First job was a 45min subway ride, second job is a 30min subway, including walking. My mother was 15min from her job her whole life.
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