https://old.reddit.com/r/Economics/comments/16lx8rs/median_household_income_after_taxes_fell_88_in?sort=controversial
/h/peakpoors
lnternetCustodian
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Y'all can't behave
8mo ago
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#205952
r/economics: Median Household Income After Taxes Fell 8.8% in 2022 
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DEATH_TO_AMERICA
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I see the poors are pretending to be big wallet niggas again est. 2016
Hello, welcome to 'I see the poors are pretending to be big wallet gangstas again'
This hole exists as a safe space for refugees from the Facebook(MetaTM groups of the same name. Of which there have been several iterations. We mostly exist to poke fun at the state of living in poverty. While it oftentimes is unavoidable, we do aspire to not be meanspirited. Over the years we have co-opted the term 'Peak Poor' to being someone who exudes poverty, regardless of their actual net worth. Trump and Elon both exhibit the peak poor ethos from time to time while still being the top 0.000001%. You can do something peak poor and still be a good person or a generally adjusted one. We all have a bit of poor in us.
We basically fill a niche similar to fatpeoplehate with a bit less actual malice.
PeakPoor is shotgunning mountain dews at 5 years old.
PeakPoor is not people dying of poverty. While technically the greatest heights of poverty is succumbing to it this is not funny, and is a failure
of capitalism. We do not make fun of poverty to be mean spirited such as that.
Read the room, if it's punching down too hard or really digging into someone whos a sympathetic character it doesn't belong here. (basically READ THE ROOM)
Sitewide rules apply
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Subscribe to this hole, it's important that we get our numbers up. Love numbers = peak poor
Bonus points for making your post title some variation of peak poor. (Pinnacle of Poverty, Prowess of the Penniless)
I am looking for a mod who will help me grow this place and encourage the facebook community where the majoryity of our members reside
to migrate. Contact me if interested.
I really do love you all so very much, i'm even spending drama coin to get some banners and marseys. thanks for being a part of the community.
/h/peakpoors LOG /h/peakpoors MODS /h/peakpoors EXILEES /h/peakpoors FOLLOWERS /h/peakpoors BLOCKERS
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https://www.forbes.com/advisor/investing/what-is-a-recession
The US and UK both used this definition until the white house decided it should be different because then they would have had to say a year ago that the US was in a recession
https://en.wikipedia.org/wiki/Recession
Things havent gotten better really since, I wonder what doublethink word redefining theyll do to push the admission of an economic downturn till after Nov 24.
https://www.theguardian.com/business/2023/may/31/uk-and-us-poised-to-fall-into-recession-as-interest-rates-dampen-growth
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Didn't they try to edit that page last time it was in the media?
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https://www.newsweek.com/wikipedia-editing-recession-joe-biden-rejects-claims-economy-1729065
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Lmao idk why you guys keep telling this lie. The WH never changed or did anything.
As was poonted out last time you tried this lie a recession is declared on multiple metrics and there have been times whete recessions were not declared before this.
A recession basically isnt going to be declared with a strong employment number.
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You mean, two consecutive quarters of declining GDP in the US where we didn't declare a recession? When?
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No, NBER uses several metrics to determine recession. You can have a few quarters of negetive gdp growth without a recession if the other metrics are good.
The EU has had recessions without 2 quarters of negative gdp growth, that alone should tell you the defining metric is not negative gdp growth, and why NBER uses several metrics.
This isnt even getting into the fact is typically takes nber over a year to even call a recession.
https://www.dallasfed.org/research/economics/2022/0802
Nothing done here was wrong lol, rightoids are just genuinely stupid people.
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Oh okay so they're not using the common definition of "two consecutive quarters of negative growth". The definition we've used for decades. They're using their own definition which conveniently paints a rosier picture.
I kinda figured as much but thought maybe this time you had a point.
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Its not a definiton lmao. You can find papers on this from years ago.
You cant declars a recession when every metric but one is good.
Feel free to show me when NBER ever changed their own definition.
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The group that dates recessions in the US isn't even part of the US government. This is one of the dumbest rightoid conspiracy theories out there.
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After taxes eh?
https://en.wikipedia.org/wiki/Tax_Cuts_and_Jobs_Act
It's fine for True Anon to be smug about this because they are commies that hate both parties, but rightoids shouldn't be smug about getting what they voted for.
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The tax cuts rightoids passed basically didnt exist for normoids so I doubt this has much to do with it.
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Poors don't pay income taxes anyways, 50-250k is normal people tax brackets.
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I think the ploy was that for the first decade it does help a lot of ordinary people but in the long run it just helps a relative few shareholders.
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The tax cut was legit like like less than 300 dollars for most americans lol.
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I believe you that seems like the kind of thing you'd know off hand
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i like orange kitties too we should be friends
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Rightoids hate the poor so they have everything to be smug about.
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The poor deserve to be hated
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everyone hates the poor. especially the poor because they usually live amongst them
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That's obviously true of the leadership but the Trump voting base slapping Joe Biden I did that stickers onto gas pumps somehow can't see it.
Which is not to say that Biden and the Hamilton singing lib base are much different in that regard.
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they couldnt make it permanent bc they didnt have 60 votes and had to byrd rule it
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You're telling me our legislative rules allow for corporate taxes to be permanently altered with 51 votes but not personal income tax?
Assuming that's true, such a rule cannot be popular. And yet when either party has had a solid majority they haven't tried to change it. Hmmmmmm
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How come they could make the corporate cuts permanent but not the personal cuts?
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Lolol
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Goodest pizza argument
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"ack-ackshually guise this is republican's faults!"
Nice reddit-brained comment, r-slur.
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I'm not a lib and it's pretty easy to figure that out. Also just fyi I didn't down marsey you I wouldn't even want you to get an extra coin for your r-sluration. It was probably uber lib pizza
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meanwhile my income went up more than 10.22% since last year.
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Yeah a crash would unironically net me a huge bonus so I'm kinda rooting for it lmao
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The exchange rate has cut my usd converted salary by 40% over two years so I haven't been able to put anything in my Roth. I'm hoping you guys burn too.
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Expat? Weird to get paid in not USD but still contribute to a Roth.
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If I invest locally the us can demand huge tax penalties on "passive foreign investment"s so I try to avoid it. If I go back to the US it's still really important to maintain investments for retirement so I was trying to max it anyways, especially in tax exempt account types
As long as the US taxes some amount of your income you're still eligible for contributions.
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Yeah I figured that would be it. Don't you get some sort of large foreign income exemption though, like first $100k or something?
tbh if you're working for a US based company just demand bigger raises lmao
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Yes
...But I don't use it all I just have a very small amount of US based income from a side gig which gives me my excuse.
I wish I was working for a US based company those military dudes down in Yokosuka are going so fricking hard on weekends it's insane
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Snapshots:
undelete.pullpush.io
archive.org
ghostarchive.org
archive.ph (click to archive)
https://old.reddit.com/r/TrueAnon/comments/16lzpjv/bidenomics_is_working?sort=controversial:
undelete.pullpush.io
archive.org
ghostarchive.org
archive.ph (click to archive)
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Trad husband, you have lost your job. We are now trad homeless
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Ouhhh... husbant.... you spend arr arr money on options trading... now we arr homeress
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Tax cuts rolled off, π₯±
Also the economy is unironically extremely strong right now. The unemployment rate is at historic lows and labor force participation is back to pre-Covid levels. If this economy sucks for you it's a skill issue.
Whining rightoids just want subsidies to keep being coal miners or do some other obsolete job.
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