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"N2EY" wrote in message om... And there are so many variables and unknowns! For example, look at the tax situation. There's federal income tax - and social security tax, and medicare tax, and state income tax in some places, and local wage taxes, and sales taxes...And the deduction/withholding rules change so that what used to be not much of a burden on the average person is now a big chunk out of the paycheck. And this is the real killer. When the Federal Income tax was first initiated, the average person's tax rate was only 3%. The average RATE is now much higher. So the Feds are getting a bigger percentage of an inflated wage. So the tax income rises at a rate greater than wages and inflaction. Dee D. Flint, N8UZE |
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