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Bakari Chavanu

50% of All Workers Made Less than $26,000 in 2010 - Derek Thompson - Business - The Atl... - 0 views

www.theatlantic.com/...247059

workers OccupyWallStreet

shared by Bakari Chavanu on 24 Oct 11 - No Cached
  • Half of all workers made less than $26,364, the median wage in 2010. That means the typical wage is at its lowest level since 1999, after adjusting for inflation.
  • 2) The number of millionaires increased by about 20 percent.
Bakari Chavanu

September 8, 2014 Too Much weekly - 0 views

www.toomuchonline.org/tmweekly.html

inequality

shared by Bakari Chavanu on 08 Sep 14 - Cached
  • Executives in the fast food industry know a thing or two about exploitation for self-enrichment. Top restaurant industry CEOs averaged $10.9 million each in 2013, 721 times the take-home of a minimum-wage fast-food worker.
  • One of the world’s most fabled global luxury hotel chains will be opening a new outlet next month in Moscow. The 180 accommodations in the Four Seasons Hotel Moscow will include one suite that stretches 5,597 square feet, over twice the size of a typical American home. The smallest rooms in this new luxury palace will start at $930 per night . . .
  • “Baloney!” Yes, the Minnesota media mogul acknowledged last week to the Washington Post, he has given $191,000 so far this year directly to congressional candidates and party committees — and plans on giving much more now that the Supreme Court has struck down the old $123,000 annual limit on such contributions.
  • ...5 more annotations...
  • If you made $30,452 in 1963, after adjusting for inflation, you paid a tax of 26 percent on the next dollar you reported to the IRS. If you made $36,255 in 2013, you paid a 25 percent tax on your next dollar of taxable income. Above these modest-income levels, the 1963 and 2013 stories start diverging. If you made $106,582 in 1963, after inflation, you paid a 47 percent tax on your next dollar of income. On income between $87,850 and $183,255 in 2013, taxpayers faced just a 28 percent rate. At the top, the biggest divide of all. Income over $1,522,595 in 1963, in today's dollars, faced a 91 percent federal income tax. Income at that level in 2013 faced a 39.6 percent top-bracket rate.
  • Custom planes like the Airbus pictured here can run up to $300 million. Airbus has sold 170 of them.
  • The number of public university presidents making over $1 million jumped to nine last year, with Ohio State’s Gordon Gee leading the pack at $6.1 million.
  • Emory University researcher Sabino Kornrich, the Dallas News notes, has one explanation for the income-sensitive SAT scores: “Wealthy parents are increasing their education spending so much that middle- and lower-class parents can’t keep pace.” The top 10 percent of U.S. income earners — average income, $253,146 — now spend $5,495 per year on education. The nation’s bottom 90 percent spend an average $1,088 . . .
  • Stat of the Week America's 400 richest individuals now hold a combined $2.9 trillion in wealth, a sum that about equals the gross national product of Brazil, a nation of 200 million people.
  • Bakari Chavanu on 08 Sep 14
     
    Good newsletter to subscribe to about economic inequality.
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