-
- Powers of ten are so much easier to work with once you get used to it. The power of 10 simply tells you how many zeros go after the decimal point. 10^2 = 100. Then, to multiple numbers with exponents simply add the exponents: 10^2 * 10^5 = 10^7 = 10,000,000. To divide exponents you simply subtract them: 10^5 / 10^2 = 10^3 = 1,000.
-
----------- In 2007 there were 134 million U.S. taxpayers, 1.34*10^8.
-
----------- The annual income of taxpayers was $7.4 trillion, 7.4 * 10^12
-
----------- 7.4*10^12 / 1.34 *10^8 = 5.5*10^4 = $55,000 per year.
-
- THE AVERAGE INCOME OF A U.S. TAXPAYER IS $55,000 PER YEAR.
-
---------The Gross National Product is $12.9 trillion
-
--------- 12.9*10^12 / 1.34*10^8 = 9.63*10^4 = $ 96,300 per year.
-
- THE TOTAL GOODS AND SERVICES PRODUCED PER TAXPAYER WAS $96,300. WHO GOT THE OTHER $41,300?
-
---------- The total federal debt is $59.1 trillion.
-
------------59.1*10^12 / 1.34*10^8 = 44.1 *10^4 = $441,000
-
- EVERY TAXPAYER IS $441,000 IN DEBT. IF HE DOES NOT PAY IT OFF HIS KIDS WILL HAVE TO.
-
----------- The federal tax revenue is $2.2 trillion.
-
----------- The taxpayer income is $7.4 trillion
-
-------------- 2.2*10^12 / 7,4*10^12 = 0.297 = 30%
-
- THE AVERAGE TAX RATE PAID BY TAXPAYERS IS 30% OF THEIR INCOME.
-
- How can a taxpayer save for retirement when federal is 30% and state is 10% and sales taxes + fees is 10% making taxes over half of your income?
-
------------- The total retirement assets in the U.S. $16.1 trillion.
-
---------------- 16.1*10^12 / 1.34*10^8 = 12*10^4
-
- IF THAT IS ALL OWNED BY TAXPAYERS THE RETIREMENT SAVINGS IS $120,000 . THAT WOULD LAST THE TAXPAYER A LITTLE OVER 2 YEARS OF RETIREMENT.
-
------------ The World Gross National Product is $65.8 trillion
-
------------ The World population is 6 billion
-
------------- 65.8*10^12 / 6*10^9 = 11*10^3 = $11,000 per person
-
- THE AVERAGE INCOME FOR THE WORLD’S POPULATION IS $11,000 PER YEAR.
-
- The average U.S. taxpayer makes 5 times that much.
-
------------- The world’s wealthiest individuals have $37.2 trillion of the wealth
-
----------- The world’s wealthiest are 0.16% of the population.
-
----------- (65.8 - 37.5) * 10^12 / 6*10^9 = 4.75*10^3 = $4,750 per year.
-
- 99% OF THE POPULATION THAT ARE NOT THE WEALTHIEST MAKE AN AVERAGE $4,750 PER YEAR.
-
---------- The total mortgage debt in the U.S. is $6.5 trillion.
-
------------ 6.5*10^12 / 1.34*10^8 = 4.85*10^4 = $48,500
-
- THE AVERAGE U. S. MORTGAGE IS $48,500. If mortgages are held by taxpayers. In California the average is probably 10 times that amount.
-
------------ Federal income tax revenue is $2.2 trillion
-
----------- Federal government expenses is $2.6 trillion.
-
-------------- 2.6*10^12 - 2.2*10^12 = 0.4*10^12
-
- THE FEDERAL GOVERNMENT SPENDS $400,000,000,000 MORE THAN IT TAKES IN AS INCOME TAXES EACH YEAR. THAT IS 2007. TODAY, 2012, IT HAS GROWN TO $1,000,000,000,000 DEFICIT EACH YEAR.
-
------------ Consumer debt in the U.S. is $2.5 trillion
-
---------- 2.5^10^12 / 1.34*10^8 = 1.87*10^4 = $18,700.
-
- THE AVERAGE CONSUMER DEBT PER TAXPAYER IS $18,700.
-
------------ The world’s wealth is $65.8 trillion
-
-------------- The U.S. wealth is $12.9 trillion
-
-------------- 12.9*10^12 / 65.8 * 10^12 = 19.6%
-
- THE U.S. HAS 20% OF THE WORLD’S WEALTH.
-
- 0.0022% OF THE WORLD’S POPULATION ARE U.S. TAXPAYERS. “ THE DEMOCRACY WILL CEASE TO EXIST WHEN YOU TAKE AWAY FROM THOSE WHO ARE WILLING TO WORK AND GIVE TO THOSE WHO ARE NOT.” Thomas Jefferson.
-
-------------------------- ------------------------------------------------------------------
RSVP, please reply with a number to rate this review: #1- learned something new. #2 - Didn’t read it. #3- very interesting. #4- Send another review #___ from the index. #5- Keep em coming. #6- I forwarded copies to some friends. #7- Don‘t send me these anymore! #8- I am forwarding you some questions? Index is available with email and with requested reviews at http://jdetrick.blogspot.com/ Please send feedback, corrections, or recommended improvements to: jamesdetrick@comcast.net.
or, use: “Jim Detrick” www.facebook.com, or , www.twitter.com.
707-536-3272, Thursday, November 29, 2012
No comments:
Post a Comment