Lets take a look at the 2009 IRS databook If you haven’t looked at it before, you can click here to view it. It is a very telling book if you will but take the time to look at it. As always, I’m interested in Table 1 and Table 2 Table 1 Shows the Dollars [...]
————————————————————————— The latest Usual Weekly Earnings of Wage and Salary Workers news release (http://www.bls.gov/news.release/pdf/wkyeng.pdf) was issued today by the Bureau of Labor Statistics. Highlights are below. ————————————————————————— Median weekly earnings of the nation’s 96.8 million full-time wage and salary workers were $754 in the first quarter of 2010. This was 2.2 percent higher than a [...]
I’m not yet. Been seriously thinking about it though. Keep telling myself its always darkest before the dawn and I can see the light at the end of the tunnel. Light Hell, I can’t even see the tunnel some days. If you will go to this site that you can view by clicking here, you [...]
I know. I too feel that they are just giving us lip service. At least that is how I felt when I stumbled on this article today. On Thursday, Secretary of Labor Hilda Solis—trying to make good on her standing promise to be “the new sheriff in town”—unveiled a national campaign to combat wage theft [...]
I personally think we have had two major times when our corporations have offshored our jobs. I can’t prove it without the Securities and Exchange Commission modifying the quarterly and annual reporting requirements to show how many jobs were sent offshore, how many jobs were let go here in America, etc.. But you can’t prove [...]
Wish I could say I thought of it, but I didn’t. Thanks to Mitch for bringing this to my attention. And my hat is off to the guys and gals at Trim Tabs for analyzing the daily income tax deposits to analyze the unemployment numbers. Hell, I didn’t even know this data was available. I [...]
Lets take a look at the goods producing jobs To do that we will go to this site Year Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Annual 1999 23839 23872 23938 24235 24476 24771 24812 24882 24790 24767 24708 24487 24465 2000 24080 24055 24270 24475 24674 25021 25038 25092 [...]
Looks like I am not the only one as I have always suspected. At this point it wouldn’t bother me one bit if we immediately shut down every corporation and sent their executives to siberia. Sure we would all be walking, but we would have community and friends and we could learn to live again [...]
A few days ago I wrote this article where I realized that the true Middle Class in America actually goes from 50,000 to 500,000 dollars so I decided to revisit my previous calculations and put together the following two charts. Just so you will know, the categories are broken down this way: Working Poor – [...]
So lets see who has the money so that they can do good with it. Lets turn to the IRS databook broken down by AGI that you can find by clicking here We are going to work with that top row of links under “All Returns: Selected Income and Tax Items” I will update this [...]
According to CNBC and the Bea, everything is coming up rosy, so lets make our own determination based on the facts, not the news headlines. BEA News: Personal Income and Outlays, October 2009The U.S. Bureau of Economic Analysis (BEA) has issued the following news release today: Personal income increased $30.1 billion, or 0.2 percent, and [...]
Nope, they haven’t agreed to write off my debt to them in exchange for my analysis of their numbers (Damn It) Anyway, I get this email about an hour ago. IRS Fall 2009 Statistics of Income Bulletin Now Available WASHINGTON — The Internal Revenue Service today announced the release of the fall 2009 issue of [...]
Good. That is a good start. We’re going to go back until 1976 for this little lesson. Why 76? Because that is when I headed west in my Nova SS and even though I was but a young kid of 18, everything seemed fine in the World. Part of the reason they can’t fix the [...]
I did a lot of cutting and posting to make this possible. at the current time I’m stressed about bills and no income and no unemployment so I don’t really have the time to focus on doublechecking this spreadsheet, so I’m going to post it here so that you can doublecheck it for me if [...]
I originally started analyzing this a very long time ago and it opened my eyes. I never had the time to do an in-depth analysis of the data, but as my skills have picked up, I have figured out a way to chart this data without having to write a program, so we’re going to [...]
You are probably thinking as I was that at least all of these H1-B’s are paying their fair share of taxes to help keep our country afloat and solvent. Think again! Just incase you are not sure what you are looking for here, let me explain the very big picture to you. According to this [...]
Take for instance this breaking news from yahoo. WASHINGTON (AP) Strong auto demand pushes retail sales up in October, demand for other items remains weak. For instance, if we look at this article you will see that in 2007 we had about 150 million employees. Of these, 65% are in what I call the Working [...]
This chart was prepared by adding the Working Poor, Middle Class and Rich totals as taken from the IRS data Notice how in 1996 we had about 5 Trillion Dollars See how it rose and fell like the tide that seperates our countries? I believe this chart shows the receipts when our assets were sold [...]
Good. Proof is good. So lets see what we have found. You can download the spreadsheet I used to analyze the data by clicking on the following link 96_ongoing Since it is the money that hurt the economy and created all of the symptoms such as sub prime mortgages, etc., we will analyze that first [...]
• Extend jobless benefits for up to two years (why not just put these folks on the government payroll? At least the unemployment rate will start to go down). • Expand the homeowner tax credit. • Provide tax breaks to homebuilders (the ones who helped get us in to this mess). • Provide businesses with [...]
If you’ve been following my work on wages, you’ve seen the rise and fall in our wages all over America. If you haven’t, you can get up to speed by clicking here You may also be interested in seeing where we get the money to run America from. You can find that by clicking here [...]
Lets look at 1997 Not too much different from 1996, so it didn’t start here, although it does appear that the Middle Class and Rich increased 1% and the Working Poor increased 2% over 1996 But take a look at that jump in the Working Poor between 2006 and 2007. Folks, that is when the [...]
Lets look at 1996 If you want to follow along, you can find the link to the IRS data in the previous articles. Looks like the majority of us made less then 50,000 per year and things werent too bad back then from what I remember Hey, what do you know? Even the money was [...]