Wages up 5% ... minus 2% to pay the tax on that 5%

Wages and income may be up 5%, but don't forget that that 5% will be taxed.

Payroll taxes+Federal income taxes+state income taxes+county & city income taxes+more sales taxes because everything is more expensive+real estate taxes because the effect of the government's low mortgage rate was to inflate property values. All together will easily eat up almost half of that 5%.

So: 5%-2% = 3%
And: 9%-3% = 6%

So even if you get a 5% wage/income increase every year and inflation sustains at 9%, we will fall behind by 6% every year.

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Dainbramadge · 56-60, M

It's never going to f****** end is it?
Pretty soon the whole damn country is going to be on welfare.
Oh I know. We'll just get the rich people to pay for us. WTF?
God damn gas prices are outrageous and people keep saying the president doesn't have anything to do with that.
He closed the pipeline for one which was going to provide more crude and therefore lower the cost. There was some projected earnings relief involved. Oh and while I'm on my soapbox he claims he only put 1100 people out of work when he shut that pipeline down. He said they will all get better jobs in wind and solar. What a crock of s***. It wasn't 1100 people working on that f****** pipeline. He put 10,400 people out of work. Those were the seasonal workers and are considered part-time. They didn't count those.
They put a bunch of EPA b******* on oil drilling and refinement and the damn people who make our gas just past that cost on to us. They just can't understand you will not get money from a rich person. Nobody is going to absorb the cost of doing business increase.

TryingtoLava

Ughhhh :( im so screwed

GenerousLee · 51-55, M

how much a litre or gallon is fuel in the USA?

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