Time to shut the WSJ down? (Income Insanity Edition)
Herewith a brilliant article in the WSJ (ostensibly a "news"paper), which talked about all the Back door tax increases associated with the fiscal cliff fun-ness at the end of 2012. I'm not really going to get into this, 'cept to highlight an image that was included with the article A copy of the image is shown above. I highly recommend that you click on it to embiggen, and take a good long stare at it. Please do not laugh uncontrollably. Or cry. Both reactions are possible... (Also, do remember that the median household income in the U.S. is $50,100 ) See all those sad people? They're all clearly sad because their taxes are going up. Especially the single mom in the top-left, the one w/ the two kids and the $260,000 income Which is exactly like all the other single-moms out there, especially the ones with two kids, as long as they are making 5.18 times the median income! And the married couple on the bottom right, the ones with four kids and ...