Author Topic: $34,000/year after taxes = richest 1% in the world
Dark_EternalFF 
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Subject: $34,000/year after taxes = richest 1% in the world
http://money.cnn.com/2012/01/04/news/economy/world_richest/index.htm?hpt=hp_t3

NEW YORK (CNNMoney) -- The United States holds a disproportionate amount of the world's rich people.

It only takes $34,000 a year, after taxes, to be among the richest 1% in the world. That's for each person living under the same roof, including children. (So a family of four, for example, needs to make $136,000.)

So where do these lucky rich people live? About half of them -- 29 million -- live in the United States, according to calculations by World Bank economist Branko Milanovic in his book The Haves and the Have-Nots.

Another four million live in Germany. The rest are mainly scattered throughout Europe, Latin America and a few Asian countries. Statistically speaking, none live in Africa, China or India despite those being some of the most populous areas of the world.

****

Wonder if we'll see all of Africa/China/India outside our doorsteps with protester signs soon...

 

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Ptilk 
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Subject: $34,000/year after taxes = richest 1% in the world
Last year I made $4,738 bucks, all of it in interest.

I wonder if that gets me into the top 50% of the world?

That would be nice.

 

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Dark_EternalFF 
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Subject: $34,000/year after taxes = richest 1% in the world
Ptilk posted:
Last year I made $4,738 bucks, all of it in interest.

I wonder if that gets me into the top 50% of the world?

That would be nice.


I wanna know who you bank with tongue

 

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Ptilk 
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Subject: $34,000/year after taxes = richest 1% in the world
Some guy named Dobro. He drives a nice car and always has a bunch of friends with him when you see him out.

 

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Eradiani 
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Subject: $34,000/year after taxes = richest 1% in the world
now if only I could have cost of living expenses like a 3rd world country

 

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winga 
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Subject: $34,000/year after taxes = richest 1% in the world
I live alone so I guess that puts me in the top 1% ??? wtf?

 

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notmforce2k 
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Subject: $34,000/year after taxes = richest 1% in the world
99%, wutchu know about that.

 

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Ptilk 
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Subject: $34,000/year after taxes = richest 1% in the world
1% is around 70 million people.

Since around 6 Billion make less than 4k a year....it's not really setting the bar all that high.

 

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_Elwood_ 
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Subject: $34,000/year after taxes = richest 1% in the world
Dark_EternalFF posted:http://money.cnn.com/2012/01/04/news/economy/world_richest/index.htm?hpt=hp_t3



Wonder if we'll see all of Africa/China/India outside our doorsteps with protester signs soon...


i sure hope so.

 

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Dark_EternalFF 
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Subject: $34,000/year after taxes = richest 1% in the world
_Elwood_ posted:
Dark_EternalFF posted:http://money.cnn.com/2012/01/04/news/economy/world_richest/index.htm?hpt=hp_t3



Wonder if we'll see all of Africa/China/India outside our doorsteps with protester signs soon...


i sure hope so.


I know, I've got some yardwork that needs to be done.

 

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Fredegarr 
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Subject: $34,000/year after taxes = richest 1% in the world
still a 99%er, then. i could probably work some OT and get into the 1% this year.

 

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FineYoungCannibals 
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Subject: $34,000/year after taxes = richest 1% in the world
i spend $34,000/year on cheese

 

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DunesVladHarkonnen 
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Subject: $34,000/year after taxes = richest 1% in the world
*strut*

 

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Subject: $34,000/year after taxes = richest 1% in the world
Woo, Farva Number 1(%), Farva Number 1(%)!

I'm really not surprised... it's pretty crazy how little some people have.

 

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HeartView 
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Subject: $34,000/year after taxes = richest 1% in the world
Between my wife, me, and our 4.5 kids we're not in the top 1%. We'd have to be making $221k after taxes for that and in my area that would make us pretty damn rich.

 

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Tipztoe 
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Subject: $34,000/year after taxes = richest 1% in the world
what companies are hiring twin 23 month olds for 34/k a year?

 

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Eradiani 
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Subject: $34,000/year after taxes = richest 1% in the world
4.5 kids..

guessing your wife is knocked up or you don't like one of them tongue

 

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-MrBean- 
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Subject: $34,000/year after taxes = richest 1% in the world
Eradiani posted:
4.5 kids..

guessing your wife is knocked up or you don't like one of them tongue


I was thinking part time custody of a step child.

And yeah, we would be in the 1%... if we were DINKs.

 

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JD_HOGG 
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Subject: $34,000/year after taxes = richest 1% in the world
Ptilk posted:
1% is around 70 million people.

Since around 6 Billion make less than 4k a year....it's not really setting the bar all that high.


It's still the top 1%.

 

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Reapist 
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Subject: $34,000/year after taxes = richest 1% in the world
Wealth is relative. In many places you can make less but it also costs much less. We have a serious trap in the US where there is no middle ground. If you want to be comfortable you have to work very hard to jump the chasm.

 

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Subject: $34,000/year after taxes = richest 1% in the world
Reapist posted:
If you want to be comfortable you have to work very hard to jump the chasm.


I beg to differ. It's all about how you define comfortable. Some people will never be "comfortable" nor content regardless of their net income.

As for the .5, I have a child from a previous marriage that isn't "mine" legally or genetically but I still consider him my son. We get the fortune of having him on many weekends and over some vacations.

 

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Subject: $34,000/year after taxes = richest 1% in the world
COST OF LIVING

 

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Reapist 
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Shibity posted:
COST OF LIVING


Pretty much.

 

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Shibity posted:
COST OF LIVING


 

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Mike_the_Red_MT 
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Subject: $34,000/year after taxes = richest 1% in the world
CLEARLY they're evil, greedy capitalists who cheated their way to the top.

CLEARLY.

 

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Xanzo 
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Subject: $34,000/year after taxes = richest 1% in the world
I am considered working poor by American standards. I also know that there are places in the world where there is no food, so people eat corpses. I feel pretty lucky, overall.

 

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myxomatosis8 
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Well then I'm STILL not in the top 1%, even if you take the whole world into account!!

 

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$4000 a year is crazy, i need $4000 a month to operate the FYC camp

 

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Lokkie_the_Fierce 
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Subject: $34,000/year after taxes = richest 1% in the world
HeartView posted:

I beg to differ. It's all about how you define comfortable. Some people will never be "comfortable" nor content regardless of their net income.



This.

If you look at what the middle class had, as an example, when my parents were growing up vice now....they didnt have multiple TVs, cell phones, cars, blah blah blah.

Peoples standards and expectations get higher and higher and are essentially never satified

 

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Subject: $34,000/year after taxes = richest 1% in the world
Dark_EternalFF posted:http://money.cnn.com/2012/01/04/news/economy/world_richest/index.htm?hpt=hp_t3

NEW YORK (CNNMoney) -- The United States holds a disproportionate amount of the world's rich people.

It only takes $34,000 a year, after taxes, to be among the richest 1% in the world. That's for each person living under the same roof, including children. (So a family of four, for example, needs to make $136,000.)

So where do these lucky rich people live? About half of them -- 29 million -- live in the United States, according to calculations by World Bank economist Branko Milanovic in his book The Haves and the Have-Nots.

Another four million live in Germany. The rest are mainly scattered throughout Europe, Latin America and a few Asian countries. Statistically speaking, none live in Africa, China or India despite those being some of the most populous areas of the world.

****

Wonder if we'll see all of Africa/China/India outside our doorsteps with protester signs soon...


... MY KIDS DON'T MAKE $34k/year

 

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Dark_EternalFF 
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-Kruugar- posted:

... MY KIDS DON'T MAKE $34k/year


Why bother having them if you don't put 'em to work? Have 'em make some goddamn Nikes!

 

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Subject: $34,000/year after taxes = richest 1% in the world
FineYoungCannibals posted:
$4000 a year is crazy, i need $4000 a month to operate the FYC camp


My bills require I clear 7k a month, between the two mortgages, utilities, divorce settlement, food, drink and lines of credit I have to pay every stinkin' month.

I pay more than 34k a year in Federal income taxes, not even counting what my company pays in taxes.

BTW I am not in the top 1% of US earners I think that is somewhere over $250k.

 

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Dark_EternalFF 
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Subject: $34,000/year after taxes = richest 1% in the world
Hyperimiator posted:
FineYoungCannibals posted:
$4000 a year is crazy, i need $4000 a month to operate the FYC camp


My bills require I clear 7k a month, between the two mortgages, utilities, divorce settlement, food, drink and lines of credit I have to pay every stinkin' month.

I pay more than 34k a year in Federal income taxes, not even counting what my company pays in taxes.

BTW I am not in the top 1% of US earners I think that is somewhere over $250k.


1% is roughly 400k or more. 8% is 150k or more.

 

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Subject: $34,000/year after taxes = richest 1% in the world
I'm thinking, live in a third world country and work virtually.

 

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Subject: $34,000/year after taxes = richest 1% in the world
It costs a lot more to live here than most countries in the world and we also don't tax nearly the same amount as they do, either

That sounds like a good plan Jezza :P I would totally do that if I was able to

 

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Nice. My family is still not in the top 1% worldwide. Close in 2011, though, with all the OT my dad worked.

 

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I owe 3 more monthly payments to the IRS and I'll have a HUGE bill off my back. Then I can afford to eat every day as opposed to 3 times a week like now. Been paying those blood sucking bastards for almost 8 years now.

Then I can start earning money again without them taking it all and I might be able to move into lower middle class in earnings again.

Don't ever make real money, other people just take it all anyway.

 

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Subject: $34,000/year after taxes = richest 1% in the world

My dog lives with me and I know he doesn't pull down 34K a year.

 

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Subject: $34,000/year after taxes = richest 1% in the world
Ptilk posted:
Last year I made $4,738 bucks, all of it in interest.

I wonder if that gets me into the top 50% of the world?

That would be nice.



No because *obviously* net worth doesnt mean a thing. Its *only* about what you make in W-2 wages per year, duh.


Nice interest though. Whats your principle? 2 million?

 

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Jezza_Belle posted:
I'm thinking, live in a third world country and work virtually.

The problem is that you have to live in a third world country. And possible raise children there.

 

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Subject: $34,000/year after taxes = richest 1% in the world
HeartView posted:

As for the .5, I have a child from a previous marriage that isn't "mine" legally or genetically but I still consider him my son. We get the fortune of having him on many weekends and over some vacations.



that is pretty awesome

 

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Subject: $34,000/year after taxes = richest 1% in the world
people in this country spend money on things that aren't really necessary and bitch they aren't rich compare to the rest of the world. how many diner out do you have to have? how many trips do you have to take? how many new clothes each year etc... alot of these things are just wasteful life style.

if they were living like people where living back in the 50's americans would still be better off even adjusted for inflation.

 

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We got too many jealous troglodytes in this country worrying about the next persons wallet than their own.

chicken

 

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"Wonder if we'll see all of Africa/China/India outside our doorsteps with protester signs soon..."

That's the Global Warming wealth transfer crowd....

 

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Subject: $34,000/year after taxes = richest 1% in the world
If you can't live a good life at $34,000 a year after taxes, you need to take some self management courses.

 

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-Kruugar- 
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Subject: $34,000/year after taxes = richest 1% in the world
-Mithan- posted:
If you can't live a good life at $34,000 a year after taxes, you need to take some self management courses.


Again, the article is misleading. (although I don't disagree with your statement)

34,000/year for a family of 4. Including the kids making money is what the article is talking about.

That's two $68,000 parent incomes. They make is sound lower than it really is. And it is definately not the norm in North America.

 

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Pookie-Poo 
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Subject: $34,000/year after taxes = richest 1% in the world
Oh snap. I brought home 20k last year after taxes.

 

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TickyAtack 
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Subject: $34,000/year after taxes = richest 1% in the world
I'm pretty poor sad

 

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