mnbasketball
Member
- Mar 4, 2011
- 474
- 37
The middle class bring home pay is the best its ever been thanks to Ws tax rates. and if you take UE avg of 5% from the mid 80s till 2009 I am unsure how anyone can say that Regan's policies created the largest transfer of wealth
The hi end tax rate went from 39% to 35% (basically). So how hard would it be for the "rich" to increase the amount of wealth they have?
I mean if I get to keep 4% more wealth every year and I make 250,000 per year, thats 10,000.00
the Liberal media have wrote 1000s of columns calling that a transfer of wealth
I guess I have to post this again. I'm sorry I have to do this but some people live in such a fantasy world.
REAL WAGES
1964-2004
Average Weekly Earnings (in 1982 constant dollars)
For all private nonfarm workers
Year Real $ Change
1964 302.52
1965 310.46 2.62%
1966 312.83 0.76%
1967 311.30 -0.49%
1968 315.37 1.31%
1969 316.93 0.49%
1970 312.94 -1.26%
1971 318.05 1.63%
1972 331.59 4.26%
1973 331.39 -0.06%
1974 314.94 -4.96%
1975 305.16 -3.11%
1976 309.61 1.46%
1977 310.99 0.45%
1978 310.41 -0.19%
1979 298.87 -3.72%
1980 281.27 -5.89%
1981 277.35 -1.39%
1982 272.74 -1.66%
1983 277.50 1.75%
1984 279.22 0.62%
1985 276.23 -1.07%
1986 276.11 -0.04%
1987 272.88 -1.17%
1988 270.32 -0.94%
1989 267.27 -1.13%
1990 262.43 -1.81%
1991 258.34 -1.56%
1992 257.95 -0.15%
1993 258.12 0.07%
1994 259.97 0.72%
1995 258.43 -0.59%
1996 259.58 0.44%
1997 265.22 2.17%
1998 271.87 2.51%
1999 274.64 1.02%
2000 275.62 0.36%
2001 275.38 -0.09%
2002 278.91 1.28%
2003 279.94 0.37%
2004 277.57 -0.84%
Source: U.S. Bureau of Labor Statistics
http://www.workinglife.org/wiki/Wages+and+Benefits:+Real+Wages+(1964-2004)
There is no better example of the type of spam that got Obama elected and made GWB out to be what many see him as
Your table makes claim that the average pay in 1978 in a 40 hour week was $7.75 an hour and that in 2004 it was 6.92 an hour?
Cater had the 18% inflation?
so what ever this thing is trying to say then its Carters fault we are where we are?
Dude this is information that makes no sense
what was minimum wage in 2004?
a car in 2004 being bought with a 14,404 annual salary?
and why is it I am not a millionaire by making 310.00 a week the year I get out of high school?
Dude, you will never be making a million dollars a year income as stupid as you are. The figures are the amounts today if we were still in the first year of comparison.
25.00 hr today may only be 7.00 an hr in the first year in the same dollar figure. Otherwise hes saying that you can't buy anymore today then you could then, even though you may be making a hire amount per hr today.
Prior to the Vietnam war we used to run a family on one income, now we can't do it on two.
We have definitely lost value to the middle class, which has went to the top 20%, no doubt about it and it's going to get worse.
Under Ike we were at 100% of GDP to debt. Ike raised the tax brackets to a high of 91% and paid off half the national debt. Does anyone know who lowered the tax rates the most for any president?