Quote:
Originally Posted by KTown
I didn't read the article but what you all have to realize is that I technically earn under $50K a year as well according to my T4/T5. I am a consultant, so I make alot more than that. I just keep money in my company and don't spend it. I invest with my company, etc.
Living off of 50K or less plus your significant others income is not that hard.
Why pay higher tax when you don't have to and it is perfectly legal?
If they looked at people who are self-employed across the country and are consultants/contractors than those numbers would be more balanced above the 100K mark.
|
Household numbers - two people working, either married or co-habiting - would be pretty relevant in determining how well people are doing.
Women are far more likely to be generating employment income in households today than probably any other time in history which also makes this quite a bit different than The Great Depression.
In the 1930's, the unemployment rate topped 25% but women were essentially not in the workforce, meaning the household was truly poverty-stricken. It's probably a generally much better situation than the 10% umemployment periods of the Reagan era when women were less likely to be generating employment income than today.
Times are tough but the 9.1% unemployment rate today, and 7.1% in Canada, certainly has a far different "hardship" feel across the country than the early 1980's, which I remember well enough.
Quote:
Why pay higher tax when you don't have to and it is perfectly legal?
|
Occupy Wall Street is going to come looking for your Fat Cat Ass!!!
Cowperson