Blog Archives

Why $16 Trillion Only Hints at the True U.S. Debt

According to the most recent tax data, all individuals filing tax returns in America and earning more than $66,193 per year have a total adjusted gross income of $5.1 trillion. In 2006, when corporate taxable income peaked before the recession, all corporations in the U.S. had total income for tax purposes of $1.6 trillion. That…

Are You Rich or Poor?

I think rich versus poor is in many cases an arbitrary measure. I don’t think wealth can be measured just in money or possessions alone because each of us has a different yardstick by which we’re measuring wealth. Tags: debt, poverty, success, wealth