Average income reported on tax returns in 2013 was $61,668, down from $63,297 in 2012 — a difference of $1,629 — my analysis of the latest IRS Statistics of Income report shows. Along with the startling decline in average income, average wages also fell, although the number of taxpayers reporting income from work grew by almost 2.8 million or 1.9 percent. The average wage declined $576, or 1.1 percent, to $53,797. ...
The news here, overall, is this: The American economy is getting bigger, but average incomes are shrinking. If that trend continues, it will eventually spell economic, social and political trouble for the country.
AND OH BY THE WAY.. corporate profits are off the charts high... Hey,
they don't call him President Goldman Sachs for nothing. The rich are
getting really richer and the poor are getting much poorer, but they
keep voting for these guys.. suckers.
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