Do you make atleast $250k

[Vteckidd]

Do any of you know what Real Wages are and how that works?

The term real wages refers to wages that have been adjusted for inflation. This term is used in contrast to nominal wages or unadjusted wages.

The use of adjusted figures is in undertaking some form of economic analysis. For example, in order to report on the relative economic successes of two nations, real wage figures are much more useful than nominal figures.

If nominal figures are used in an analysis, then statements may be incorrect. A report could state: 'Country A is becoming wealthier each year than Country B because its wage levels are rising by an average of $500 compared to $250 in Country B'. However, the conclusion that this statement draws could be false if the values used are not adjusted for inflation. An inflation rate of 100% in Country A will result in its citizens becoming rapidly poorer than those of Country B where inflation is only 2%. Taking inflation into account, the conclusion is quite different: 'Despite nominal wages in Country A rising faster than those in Country B, real wages are falling significantly as the currency halves in value each year'.

[tony]

The term real wages refers to wages that have been adjusted for inflation. This term is used in contrast to nominal wages or unadjusted wages.

The use of adjusted figures is in undertaking some form of economic analysis. For example, in order to report on the relative economic successes of two nations, real wage figures are much more useful than nominal figures.

If nominal figures are used in an analysis, then statements may be incorrect. A report could state: 'Country A is becoming wealthier each year than Country B because its wage levels are rising by an average of $500 compared to $250 in Country B'. However, the conclusion that this statement draws could be false if the values used are not adjusted for inflation. An inflation rate of 100% in Country A will result in its citizens becoming rapidly poorer than those of Country B where inflation is only 2%. Taking inflation into account, the conclusion is quite different: 'Despite nominal wages in Country A rising faster than those in Country B, real wages are falling significantly as the currency halves in value each year'.

I didn't ask for a definition from Answers.com (http://www.answers.com/topic/real-wage) I asked if any of you know what they are and how it works. Since you copy and pasted I'll take that as a no.

Anyone else who doesn't understand the nature of real wages but still believe that all individuals should be taxed the same or that the rich should be spared, please take a second to learn and understand the nature of our free market Economy especially as it pertains to real wages.

Because of this, there is a vast descrepancy in lower income wage earners so to tax them more or even an even tax burden to those that are rich, is still unfair. Because of real wages, if you tax a low income individual at the same rate as a higher income individual, the lower income citizen is actually taking on more of a personal tax burden.

[Vteckidd]

I didn't ask for a definition from Answers.com (http://www.answers.com/topic/real-wage) I asked if any of you know what they are and how it works. Since you copy and pasted I'll take that as a no.

Anyone else who doesn't understand the nature of real wages but still believe that all individuals should be taxed the same or that the rich should be spared, please take a second to learn and understand the nature of our free market Economy especially as it pertains to real wages.

Because of this, there is a vast descrepancy in lower income wage earners so to tax them more or even an even tax burden to those that are rich, is still unfair. Because of real wages, if you tax a low income individual at the same rate as a higher income individual, the lower income citizen is actually taking on more of a personal tax burden.

that is the biggest line of BULLSH!T i have ever read

wow some will say anything to justify there position

got any FACTS to back this up or just more liberal rhetoric?

CARE TO ANSWER ANY OF THE 20 QUESTIONS I POSTED or are we going to shift the focus now to a debate about how i dont make 250k a year or how i dont know about REAL WAGES?

stay on topic

[tony]

that is the biggest line of BULLSH!T i have ever read

wow some will say anything to justify there position

got any FACTS to back this up or just more liberal rhetoric

Mike, you dont even know what Real Wages are but you're willing to call what I stated bull****? Again, read before you react. I've been knee deep in Economics, ask any economist as to how this works and they will confirm what I just stated.

By the way, why did Kev's post get deleted?

[Vteckidd]

Mike, you dont even know what Real Wages are but you're willing to call what I stated bull****? Again, read before you react. I've been knee deep in Economics, ask any economist as to how this works and they will confirm what I just stated.

Ok economist, explain it to me i want to see FACTS, i dont want to see "ask any economist he will back it up"

By the way, why did Kev's post get deleted?

he asked me to delete it

[tony]

Ok economist, explain it to me i want to see FACTS, i dont want to see "ask any economist he will back it up"

Educate yourself or go take a class, I got better things to do than teach you Economics.. thats not my responsibility. Don't take it personal cause it isn't, but if you're going to speak on these subjects you should at least take the initiative to learn what you are talking about.

[Vteckidd]

Educate yourself or go take a class, I got better things to do than teach you Economics.. thats not my responsibility. Don't take it personal cause it isn't, but if you're going to speak on these subjects you should at least take the initiative to learn what you are talking about.

Thats what i thought, you cant even explain it yourself

whose next

[Kevykev]

Question:

By the way, why did Kev's post get deleted?

ANSWER:

he asked me to delete it

My Response:

[Vteckidd]

Because of this, there is a vast descrepancy in lower income wage earners so to tax them more or even an even tax burden to those that are rich, is still unfair. Because of real wages, if you tax a low income individual at the same rate as a higher income individual, the lower income citizen is actually taking on more of a personal tax burden.

in case you missed it:

What he DOESNT tell you is that hes going to raise the A) Death Tax B) Capital Gains Tax C) Tax on Guns D) LET THE ALREADY EXISTING BUSH TAX CUTS EXPIRE

The money you are getting back now was increased by PRESIDENT BUSH. OBAMA has said he will let those EXPIRE on several occasions. That means your TAXES WILL GO UP, then he will give you a tax break on your NEW NOW HIGHER TAX RATE.

YOU CANNOT STIMULATE GROWTH OF THE ECONOMY (WHICH IS THE NUMBER 1 ISSUE) BY TAXING THE "RICH". Its HISTORICALLY PROVEN that when you RAISE taxes on the poeple that are EXPANDING THEIR BUSINESS AND CREATING JOBS that they will CURB COSTS by CUTTING JOBS/PRODUCTIVITY.

So your BOSS now has to pay an extra 62% in taxes under OBama, you think hes gonna give you a raise now? **** no, hes going to LAY PEOPLE OFF to make up for the money he just LOST.

That money from the RICH isnt going to YOU, its going to the SOCIAL PROGRAMS obama wants to implement like Healthcare and other Governement run junk that wont work.

AND

That money from the RICH isnt going to YOU, its going to the SOCIAL PROGRAMS obama wants to implement like Healthcare and other Governement run junk that wont work.

Why should the people that WORK HARD and CREATE THEIR OWN WEALTH and reinvest into this economy, be asked to pay more.

TAXING is about RAISING REVENUE , NOT REDISTRIBUTING WEALTH.

the TOP 50% of ALL EARNERS pay 95% of ALL INCOME TAXES.

THink about that for a second. That means YOU, the bottom 50% pay only 5% of the ENTIRE TAX BURDEN per year.

Fact is most of you dont pay taxes, you dont MAKE ENOUGH. THat check you get back at the end of the year, thats money you OVERPAID and gave the govt an interest free loan.

AND

Whose talking about RAISING TAXES?

The mccain plan CUTS taxes for MIddle class people and he will KEEP THE bUSH TAX CUTS

This is ALL LIES from Obama. He is only saying this to get elected, there is NO WAY HE CAN SPEND THE 900BILLION he is proposing and CUT taxes at the same time. IT CANNOT HAPPEN especially with the bail out .

Hes going to do EXACTLY what Clinton did, which was promise a middle class tax cut, get into office, then say "we cant do it, and oh by the way im going to increase your taxes"

Clinton did the SAME THING