Are you aware that household personal income dropped 2% from 2000 to 2006?

Question

Is that a result of our moving from a budget surplus to a budget deficit in our country's coffers? Was it caused by Republican economic policy?

Funny how the actual numbers tell a different story than our leaders tell.

Source is ***. Press, 12-23-07.

The amount paid in local and state property taxes in the country increased 50 percent from 2000 to 2006, according to Census data cited by some U.S. Congress members when discussing the topic. During that time, inflation rose 17 percent and median household income dropped 2 percent.

Source is Associated Press.

Unfortunately, some people do not know the difference between personal income and household income.

Personal income shows only that there are more workers and more households in the pie. Household income shows how that income has grown per household.

Ignorance knows no bounds. I can enjoy honest argument. I cannot stand stupidity.

To not know the difference between personal income and average household income illustrates the epitome of ignorance and stupidity. Makes me want to wretch that people go around making decisions from such stupidity. I can't help people like that. They are destined to be losers.

Answer 1

I think many people will tell you their incomes dropped a lot more than that.

Answer 2

Electric, gas, and oil have gone up.
Health care has gone up to the point that many families are paying $9,000 and more a year; unbelievable. Is it any wonder so many are uninsured?
Property taxes, school taxes and now they want to tax everything we buy saying it will save us money in the future.
The rich are raking it in while the middle class is going under.
We have 6 to 10 sheriff sales of home in our local paper every week.
When Bush speaks I get sick enough to throw up.
Yet people still vote for the same old parties and not the issues while the country is being destroyed.

Answer 3

But you forgot to mention that the average American saved a whopping $19.00 on their income tax last year, under the Republicans ! WOW ! we can all go out to a free lunch now at McDonald's and get a Whopper with our whopping tax savings...Eureka !

Hey, there is a sucker born every minute, and those that are earning under $200,000 a year that vote Republican are perfect proof of that ! That is why the rest of the world's workers are laughing their sides out at the American workers. Sad, but true.

Answer 4

I think this can easily be attributed to the raise in minimum wage. This causes higher prices on all things and only those who were at minimum wage get a raise. The rest just get to pay more for services & goods. Takes 5-10 years for the free market to adjust to a change not market based.

Answer 5

It appears to me that the nabobs of negativism come out of the wood work, like termites, and land on this site.
Harry Truman said: "There are lies, damn, lies and statistics."
Your statistic is bogus. It looks to me like you made it up. Employment increased by millions over the six-year period. Tax revenues skyrocketed. The problem is Congress. They spend more than the IRS brings in, no matter the amount.

Answer 6

You are wrong.

You are wrong.

You are wrong.

You are wrong.

You are wrong

and

You are wrong.

Personal Income 2000: $8,430,000,000,000

Personal Income 2006: $10,883,000,000,000.

That is a gain of 29.10%.

That is a gain of 29.10%.

That is a gain of 29.10%.

That is a gain of 29.10%.

That is a gain of 29.10%.

That is a gain of 29.10%.

Since you are wong over a six year period, I thought I would state that six times for you.

For the current record (just for your educational purposes) I thought I would release to you the latest Personal Income report:

"Personal income increased $43.1 billion, or 0.4 percent, and disposable personal income (DPI)
increased $32.9 billion, or 0.3 percent, in November, according to the Bureau of Economic Analysis.
Personal consumption expenditures (PCE) increased $110.6 billion, or 1.1 percent. In October,
personal income increased $24.8 billion, or 0.2 percent, DPI increased $17.0 billion, or 0.2 percent,
and PCE increased $39.4 billion, or 0.4 percent, based on revised estimates."

SOURCE: U.S. Bureau of Economic Analysis, Survey of Current Business, April 2007.