The national average wage index for 2011 was 42,979.61. Adjusted gross income reported on tax returns in 2006 averaged $58,029. Poverty level in the United States is around $10,000.00. These levels would reference people working a regular 9-5 job and in the national employment market. Now think about what it would be like to bring in a $100,000.00 if your average yearly pay is about $50 Grand. Sounds nice! Lots of extra vacations to far away places.
Most people can’t understand the significance of a billion dollars, let alone a trillion. The number is so far fetched that it seems like it doesn’t even exist.
- There are Ten $100,000 dollar bills in a Million Dollars.
- There are Ten THOUSAND 100,000 dollar bills in a Billion Dollars or 1 Million 1,000 Dollar Bills in a Billion Dollars.
- There are Ten Million 100,000 dollar bills in a Trillion Dollars or 1 Billion 1,000 Dollar Bills in a Trillion Dollars.
AS of 8/30/2013, the United States National PUBLIC debt was $16,738,649,841,392.70. That’s almost 17 Trillion Dollars.
Let’s put that in perspective. 17 Trillion dollars would provide 170 Million people an average income of $100,000.00 per year. To make it fair, the National Debt would provide everyone in the United States $50,000.00 per year.
Could someone please remind me what those taxes are doing for every single US Citizen that costs $50,000.00 per year?