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Biden doesn't think American families should earn more than $125,000 per year

Terence P. Jeffrey on

They work hard, but they are not rich.

He is a local police officer in a suburb of a midwestern city. His annual salary is $67,620 -- exactly the national average for his job, according to the Bureau of Labor Statistics.

She is a registered nurse at the local Catholic hospital. Since their youngest joined his siblings in high school last fall, she has resumed working full time.

Her annual salary is now $77,460 -- also exactly the national average for her job.

Where does their money go?

The biggest chunk goes to the government. They pay federal income taxes, federal payroll taxes, state income taxes and local property taxes. They also pay sales taxes on almost everything they buy.

 

What do they do with the money they make that the government doesn't take?

Well, they pay a mortgage on a modest three-bedroom home and make monthly payments on two cars and two insurance plans -- one for their home and one for their two cars.

They also pay tuition at the local Catholic high school that their three kids attend because they want their children in a school that shares their values -- and does not let transgender "girls" use the ladies' restroom.

After that, there is just enough left for groceries and maybe an occasional trip to see the local Major League Baseball team play -- when Major League Baseball is actually in season.

...continued

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