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Sat Apr 14, 2012, 12:16 PM

What do Romney, Goldman-Sachs CEO's, and minimum-wage earners have in common?

Goldman-Sachs announces 2011 pay for executive Lloyd Blankfein's. This sounds pretty fair, huh, $15 or $16 million for a guy who works real hard on Wall Street? For you numbers folks, that's somewhere between $5,000 and $8,000 an hour! Now based on the Romney tax rates, he'll pay approximately 14-15% in taxes.

Strangely enough, 15% is exactly the same rate a worker earning a whopping $8 an hour pays,
which would be 33 cents more than Florida's minimum wage, or just over $16,000 a year, and far less than the 25% paid by someone earning $35,000 a year.

To add insult to injury, instead of the taxes paid by the minimum-wage earner becoming part of the few dollars now going to public education, which might help his or her kids in this land of opportunity, some of it goes to pay for the debt we incurred for bailing out Goldman-Sachs to the tune of $4.3 Billion.

I believe they call this Trickle On economics



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Reply What do Romney, Goldman-Sachs CEO's, and minimum-wage earners have in common? (Original post)
FlaGatorJD Apr 2012 OP
Heywood J Apr 2012 #1

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