Distribution by Household income

[presonorek]

Share of households by income in the U.S. 2024| Statista

In 2024, just over 45 percent of American households had an annual income that was less than 75,000 U.S.

www.statista.com

How would you use this data to create a workable tax policy?

 

[rightwinger]

How would you use this data to create a workable tax policy?

I wouldn’t

Because the 200,000 threshold does not indicate the overwhelming percentage of wealth and income in that bracket

 

[Moonglow]

If I made 200k where I live I'd live like a king, in LA California, not so much.

 

[presonorek]

I wouldn’t

Because the 200,000 threshold does not indicate the overwhelming percentage of wealth and income in that bracket

There is no wealth tax at present so wealth is irrelevant. You are right though. It doesn't tell how much income is generated by each category. We might have to dig a little deeper.

 

[presonorek]

If I made 200k where I live I'd live like a king, in LA California, not so much.

It may be more like a lowly prince.

 

[Moonglow]

It may be more like a lowly prince.

No, we gotz lotz of plebs...

 

[leftwinger]

There is no wealth tax at present so wealth is irrelevant. You are right though. It doesn't tell how much income is generated by each category. We might have to dig a little deeper.

HUH? The chart is labeled showing income per household? yet you posted below? WTH?

It doesn't tell how much income is generated by each category

 

[Cassandro]

"Income inequality" is a false measure of economic opportunity or even a general standard of living. The creation of thousands good paying jobs by an enterprising entrepreneur is not a detriment to society.

 

[ColonelAngus]

Nearly 25% earn less than $35k.

Ouch.

 

[rightwinger]

There is no wealth tax at present so wealth is irrelevant. You are right though. It doesn't tell how much income is generated by each category. We might have to dig a little deeper.

Wealth indicates your ability to pay, whether it is taxed or not

The working poor not only lack income, but lack wealth making the impact of taxation more severe

 

[presonorek]

HUH? The chart is labeled showing income per household? yet you posted below? WTH?

Can you correct it for me please?

 

[Dont Taz Me Bro]

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