07/16/2012
I'm sure some of you have seen the stats comparing a CEO's wages to minimum and median wage workers. As atrocious as this may seem - before we further divide ourselves against each other - let's examine the situation.
Assume all three work 40hrs per week (2080 hours per year)
Min. Wg.: 15,080.00/yr
Med. Wg.: 34,465.60/yr
CEO: 41,932,800.00/yr
Minus Income Taxes (Federal-only Single):
Min. Wg.: 15,080.00 - 1,836 = 13,244 (/2080 = 6.36/hr actual wages)
Med. Wg.: 34,465.60 - 4,746 = 29,719 (/2080 = 14.28/hr)
CEO: 41,932,800.00 - 14,653,794 = 27,279,006 (/2080 = 13,114/hr)
Gallon of Milk = 3.70 + .32 tax = 4.02
1/4 Gallon Gas to Grocery Store = .85 (3.411 * .25) + .12 (.495 * .25) tax = .97
Total for Gallon of Milk = 4.99
Time Taken to Buy Gallon Milk:
Min Wg: 35 Minutes
Med Wg: 26 Minutes
CEO: .02 seconds
Since time is the most valuable thing here - let's do the complete math.
Time taken to pay taxes:
Min Wg: 44 Days (1 Month 2 Weeks of slave Labor)
Med Wg: 51 Days (1 Month 3 weeks of slave Labor)
CEO: 128 Days (4 Months 2 weeks of slave labor)
So, before you turn on the super-wealthy perhaps you should consider - in the case of the many who have become so by government action and for the sake of the many who have become so through their own hard work - the wages of those who impose these taxes, control where your hard-earned dollars go and decides whether your family needs assistance in difficult times.
Congressman/Senator: $174,000/yr (+previous government position pension+Benefits, etc. not tabulated for simplicity)
Majority & Minority Leaders: $193,400/yr
Speaker of the House: $223,500/yr
President: $400,000/yr
Minus Income Taxes:
Congressman/Senator:
174,000 (init. Income)
- 42,337 (Inc. Tax)
+ 93,000 (non-taxed petty cash expense acccount can be used for just about anything)
+ 333.87 (Senate Hair Care Revolving Fund)
+ 723.70 (Restaurant fund)
+ 1,666.73 (Senate Gift Shop Revolving Fund)
+ 2,988.21 (Contingent Expenses, Stationery (paper), Revolving Fund, Senate)
= 230,375.51/yr Final Income
= 63.30/hr (Earned) + 47.46/hr (Non-Taxed Slush)
Majority & Minority Leaders:
193,400
- 48,719
+ 98,712.51
= 243,393.51/yr
= 69.56/hr + 47.46/hr
Speaker of the House:
223,500
- 55539
+ 98,712.51
= 266,673.51/yr
= 80.75/hr + 47.46/hr
President:
400,000
- 117,314 (Inc. Tax)
+ 50,000 (Expense account)
+ 100,000 (Travel Account Vacations + Business)
+ 19,000 (Entertainment Account)
= 451,686/yr
= 135.90/hr + 81.25/hr
Gallon of Milk = 3.70 + .32 tax = 4.02
1/4 Gallon Gas to Grocery Store = .85 (3.411 * .25) + .12 (.495 * .25) tax = .97
Total for Gallon of Milk = 4.99
Time Taken to Buy Gallon Milk:
Congressman/Senator: .1 Seconds (of your time)
Majority/Minority Leader: .1 Seconds (of your time)
Speaker of the House: .1 Seconds (of your time)
President: .06 Seconds (of your time)
So - BEFORE we start attacking each other perhaps we should be asking ourselves if the Government OF the People BY the People & FOR the People REPRESENTS the People? Do you get absolutely free vacations, food, healthcare, haircare, etc.? Do they really EARN almost $70 an Hour after taxes by sitting around and writing their names on pieces of paper?
Before ANYTHING else - any taxes, any cuts: ANY MORE DIVISION - is considered we should DEMAND of Congress and the President:
CUT YOUR OWN PAY FIRST - NO MORE FREE RIDES!
'Like' the page: https://www.facebook.com/AmericansSeekingTrueLeadership
Sign the Petition: https://www.change.org/petitions/americans-to-the-president-congress-lead-by-example
Email Your Senators - www.senate.gov/general/contact_information/senators_cfm.cfm
Email Your Representative - www.house.gov/representatives/find/
This is a non-partisan page with Only One goal: Demand the Candidates, Demand the President & Demand Congress to Unite our Country instead of Dividing it. To Lead By Example. Sign the Petition: http://chn.ge/Mcw5vX