Comment on The long, agonizing decline of the U.S. economy, in one chartComments−mkempe12yIs this based on income before or after taxes?−penguindevOP12yBefore.http://www.census.gov/prod/techdoc/cps/cpsmar12.pdf"Data on consumer income collected in the CPS by the Census Bureau cover money income received (exclusive of certain money receipts such as capital gains) before payments for personal income taxes, Social Security, union dues, ..."edit: the data source appears to be the "Table P-8. Age—People by Median Income and Sex" (all races) here: http://www.census.gov/hhes/www/income/data/historical/people...−mkempe12yThanks. Then a chart of income after tax would paint a worse picture of recent times vs previous decades.
Comments
Is this based on income before or after taxes?
Before.
http://www.census.gov/prod/techdoc/cps/cpsmar12.pdf
"Data on consumer income collected in the CPS by the Census Bureau cover money income received (exclusive of certain money receipts such as capital gains) before payments for personal income taxes, Social Security, union dues, ..."
edit: the data source appears to be the "Table P-8. Age—People by Median Income and Sex" (all races) here: http://www.census.gov/hhes/www/income/data/historical/people...
Thanks. Then a chart of income after tax would paint a worse picture of recent times vs previous decades.