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https://www.fool.com/retirement/2017/06/19/does-the-average-american-have-a-401k.aspx
(slightly old article but nontheless)
Percentage of private-sector workers participating in a workplace retirement plan: 50 (54% adding in govt)
Around half of American households have no retirement savings at all. No 401(k)s, no IRAs, nothing.
plenty of other articles out there too
walmart average pay fulltime employee at 13.79 per hour. thats not liveable
"Face It: You (Probably) Got a Tax Cut". The Tax Policy Center estimates 65% of people paid less under the law, 6% paid more, 29%-no change
PhoneHome
Apr 15, 06:20
just finished taxes. total owed between fed and state: $586 OUCH
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islndr
Apr 15, 07:01
between that and the miniscule extra i got weekly, it was a wash
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islndr
Apr 15, 07:02
Had to pay for the first time in many many years ($3000)...ouch
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YouDontKnow
Apr 15, 09:01
Ouch indeed. Something's not set up right. Be sure to adjust the amount being withheld from your check to avoid a repeat this year.
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PhoneHome
Apr 15, 09:47
what's the expression?...moving furniture around?
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tealfan
Apr 15, 09:56
"Rearranging the deck chairs on the Titanic."
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DTravel
Apr 15, 12:58
that sweet $1.50 a week
professor zovek
Apr 15, 13:45
I paid less but I had to go to an accountant to figure out where to deduct my work expenses and I moved to a state
Moviesnob
Apr 15, 13:54
Sounds like Texas, Florida, or Nevada.
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PhoneHome
Apr 15, 20:02
stars at night...
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Moviesnob
Apr 15, 20:25
So you were in the 29% break even and not in the majority. Sucks to be you.
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PhoneHome
Apr 15, 20:01
on average, Jamie Dimon and I are saving a couple billion a year between the two of us. score!
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professor zovek
Apr 15, 22:41
44% pay no federal income taxes at all
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forlorne
Apr 16, 07:36
Because they don't earn enough money.
RogerMore
Apr 16, 11:03
I get it, I wasn't making any point about "mooching", just that if you don't pay any taxes, you can't get a lower
forlorne
Apr 16, 14:02
How do you feel about the largest corporations in the USA not paying any tax at all? Zip. Zero. Zilch.
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BSmurf
Apr 16, 17:17
Corporations do not pay tax, it is just another hidden tax on whoever uses their products. Passed on as a cost of doing business.
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forlorne
Apr 17, 06:19
Exactly! If their tax goes up, their price goes up. Then you pay the tax. When their tax goes down, your 401k goes up, economy benefits.
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PhoneHome
Apr 17, 08:44
record corportate profits and multimillion dollar ceos, yet cant pay a liveable wage. and you know most americans dont have a 401k
islndr
Apr 17, 09:12
Wages are based on supply and demand. If there is a line of people that can and want to do what you do, wages
forlorne
Apr 17, 12:09
False information. Corporations do pay "living wages" and most working Americans do have 401k's or other retirement plans.
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PhoneHome
Apr 17, 12:57
"only 32% of Americans are saving for retirement in a 401(k)" (and that includes miniscule amounts too)
islndr
Apr 17, 13:24
1-what are we to do about people not saving for the future? The huge majority COULD save something, and the sooner they start the less it
forlorne
Apr 17, 13:37
People on low incomes do save, but they save for problems like emergency medical care, or car repair, or money to get them through when they
RogerMore
Apr 17, 16:57
Only 21% have no retirement savings. Your sources must be the propaganda rags.
PhoneHome
Apr 17, 20:39
It gets passed on, but not necessarily to consumers. No one actually knows for sure where the burden of corporate tax falls in practice.
RogerMore
Apr 17, 09:07
Not on CEO salaries. corporate taxes are yet another scam to convince people someone else is paying.
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forlorne
Apr 17, 12:10
Nah, there are a bunch of good reasons for corporate taxes, you're just choosing to ignore them.
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RogerMore
Apr 17, 17:07
Examples?
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forlorne
Apr 18, 07:02
"If there weren't, every individual who could would corporatise themselves for tax minimization purposes."
RogerMore
Apr 18, 09:35