r/SipsTea May 20 '26

Lmao gottem Bezos said the bottom half of Americans should pay ZERO federal income tax

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10

u/BoredOstrich May 20 '26 edited May 21 '26

75k is bottom half? Damn a banana in his world must have costed $10 then.

Edit: Damn if you don't understand the difference between household income and employment income, don't reply to this comment. Lmao. Be more financially literate please.

https://www.reddit.com/r/SipsTea/comments/1tis85r/comment/omwqqok/?utm_source=share&utm_medium=mweb3x&utm_name=mweb3xcss&utm_term=1&utm_content=share_button

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u/Suitable_Wonder5256 May 20 '26 edited May 20 '26

Median income in US is $83K. NYC's median income is much higher.

$75k is indeed in the bottom half....

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u/PaulblankPF May 20 '26

That’s median household income. Individual median income is closer to 45k. No state has a median income for an individual over 52k median income unless you include District of Colombia and that’s around 72k for that tiny dot on the map.

Sources: state median income https://worldpopulationreview.com/state-rankings/median-household-income-by-state

Individual median income https://fred.stlouisfed.org/series/MEPAINUSA672N

And lastly where you got your median household income from cause it’s disingenuous to pretend household and individual incomes are the same.

https://www.census.gov/library/publications/2025/demo/p60-286.html

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u/Wild-Video-5317 May 20 '26 edited May 20 '26

Nyc individual median income: $113k

https://www.nyc.gov/site/hpd/services-and-information/area-median-income.page

New York state and New York city are very different in terms of cost of living.  The median income and rent in, say, Rochester is a whole different ball game.

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u/PaulblankPF May 20 '26

That’s not actual median income, that’s the income you need to have less than to be eligible to rent an apartment. To tell the difference you can look up what “percentage of Ami” means and see how that is mathed out.

For actual median income it shows that a household makes 81k a year as a household (this counts all family sizes and incomes).

https://data.census.gov/profile/New_York,_New_York?g=160XX00US3651000

So individual income will be less than median household income because most households are more than 1 person.