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View Diary: WTF (278 comments)

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  •  You left out this bit: (0+ / 0-)
    Manhattan is one of the highest-income places in the United States with a population greater than one million. Based on IRS data for the 2004 tax year, New York County (Manhattan) had the highest average federal income tax liability per return in the country. Average tax liability was $25,875, representing 20% of adjusted gross income.[100] As of 2002, Manhattan had the highest per capita income of any county in the country.[101]
    If i work that out correctly, and the tax liability is 25k and that is 20 percent of adjusted gross, then the average adjusted gross is over $250k (average, vs. median)

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    by Sychotic1 on Mon Dec 31, 2012 at 09:17:05 AM PST

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    •  I Guess (4+ / 0-)

      The large spread of average vs. median demonstrates how extreme the income imbalance here. Regardless, half of households in Manhattan make $50,000 a year or less.

      "I'll believe that corporations are people when I see Rick Perry execute one."

      by bink on Mon Dec 31, 2012 at 09:38:53 AM PST

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      •  And the median is an important stat (1+ / 0-)
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        in this case.  Comparing it with the average income, it shows the vast disparity between working class people in Manhattan and their wealthier counterparts.

        Democratic Leaders must be very clear they stand with the working class of our country. Democrats must hold the line in demanding that deficit reduction is done fairly -- not on the backs of the elderly, the sick, children and the poor.

        by Betty Pinson on Mon Dec 31, 2012 at 10:34:59 AM PST

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