It looks like you're using an Ad Blocker.
Please white-list or disable AboveTopSecret.com in your ad-blocking tool.
Some features of ATS will be disabled while you continue to use an ad-blocker.
Originally posted by jackinthebox
I have to laugh out loud at your ignorance. Obviously you have no idea what you are talking about. If you were ever in poverty, you would know what I am about to prove. So now I suggest that you do some research and stop babbling propagandist rhetoric.
Single person earns $10,294. This figure is exactly the poverty threshold which was defined by the U.S. Census Bureau in 2006. This year, that amount would be taxed by the Federal government in the amount of $117.
The lowest quintile of tax payers have an effective individual tax rate of -5.2% in 2008.
I believe that would be the poverty threshold for a HOUSEHOLD, not just one person.
In 2006, in the United States of America, the poverty threshold for a single person under 65 was US$10,488; the threshold for a family group of four, including two children, was US$20,444
Gee, other tax payers are paying the lowest quintile of tax payers money...
So much that they are receiving 5% of their income in the form of tax refunds, even though they paid no taxes!
Originally posted by TheBorg
You say that people get into debt solely because they chose to.
the vast majority of those who are in debt at some point made the decision to get in that debt because they wanted something they couldn't pay for in cash at the time.
Originally posted by Trance Optic
its the money....
When rent is $500/month, utilities $400 month, food a measly $100 month, and you make 960 month before taxes, FICA, etc. how in the world are you to survive? You are already $40/month in debt working 40+ hours a week with no debt from your gross paycheck, not your net.