I love how they're all clinging to each other and have the desparate, destitute expression of dust bowl California migrants. Grapes of Wrath but for hedge fund managers.
My two income household makes less than half the lowest income listed here (and it's a retired couple with no dependants, while we're parents). We consider ourselves comfortable.
The idea that any of these individuals have money woes is baffling to me. Like, the person making 230k by herself had to pay an extra 1.3% income tax? Who gives a shit.
all the proof you need to know that corporate media is written by millionaires, for millionaires
oh hey sbut
mmm yes $600 rent $20 health insurance very reasonable estimates
Yeah like you're not going to qualify for SNAP if you've got a second job. Are they basically saying you should swipe big Macs all day? Lol
McDonald's accidentally being based.
...Don't ONLY do that for food if you want to live past 50 though.
yea lol
i mean maybe that's fine if you live in like, the tropics idk
"Mortgage/Rent" like anyone that's working McDonalds AND a second job also has a mortgage...
Jesus Christ. Also 2k/month is like assuming they pay no tax. Workers are taxed at like 30% which is higher than the crying PMC in the meme.
It's more like:
1st job: $960
2nd job: $480
Total: $1440
Rent: $700
Utilities/Internet: $120
Car payment: $300
Insurance: $75 car, no health
Groceries: $300
Savings: no
Leftover: $145 for leisure
That $145 is also for taking care of your kids if you have them and covering whatever emergencies inevitably happen to you. Also, you can only get liability on your car, so any accident and you lose one or both your jobs and with no health insurance, you are basically fucked.
This is also assuming 60hr weeks at $10/hr with 30% taken out for taxes. It's closer to 20% if you do max witholding, but there's also state, local, and sales tax not included in that base federal rate that add up to close to 30%
Kinda crazy how 1/5th of our income goes directly to taxes when initially income tax was limited to the wealthy. I'd be okay with it if we recieved that much back in public services, but all we get is police, military, and bank bailouts.
It's more true for WSJ than most other places. The median subscriber is a millionaire.
Real "How much could a banana cost? Ten dollars?" Hours.
According to business insider, only the married couple with 4 shits is 1% in 2020. It can be difficult to remember that these people's realities are dramatically different from yours or mine. If nothing else changed but we decided to dig 10k worth of ditches and spent 10k to fill them back in on their dime then it would be a net gain in my eyes.
yeah like it can be funny and stuff but when it starts to get unironic it feels really :yikes-1::yikes-2::yikes-2::yikes-2::yikes-2::yikes-3:
Are we talking about the parents of the chapo trap house podcasters?
The real question is what somebody else does to make them that much money.
I mean yeah, it's the Wall Street Journal. They're not trying to represent the average American; this isn't attempting to gaslight people about the poor. This is for people who don't care to know how much the poor make. The bourgeois take on reality is for sale, hiding in plain sight, right next to the Times.
Single person making $45k.
Not sure how they calculated this. They probably made it up but it would be funnier if this was the average and it was severely inflated by the uber wealthy.
Not sure how they calculated this
they looked at whatever technocratic micro-adjustments to the tax laws the Obama government was legislating and them constructed some extreme edge cases where people would pay much (well... a little) more taxes. They did not try to depict average Americans, they tried to scare their rich patrons.
180k in investment income
assuming a 5% return that's on assets of 3.6 million dollars
how will they afford $21,608 more in taxes? look at their sad faces!
Seriously, dividing their number by 10 gets you way closer to the real numbers than theirs are
Knowing your audience is key to all successful communication and the WSJ really knows it's audience.
I don't think I've even met someone who makes that much...
Is this supposed to make me feel bad that these rich ppl pay a tiny amount of tax?
My household makes less than the "investment" income of the single parent in this picture.
