Politics,Economics and The Struggle To Survive In America

The time is now, the revolution is upon us. Our childrens, children need our resolve in this fight. Take the blinders off and get out of the"Matrix". By JJP 

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Wage Statistics for 2015 April 8, 2017

Posted by Jerrald J President on April 8, 2017 at 6:05 PM

html/https://www.ssa.gov/cgi-bin/netcomp.cgi?year=2015

www.jerraldpresident.info//

  

"50 percent of wage earners had net compensation less than or equal to the median wage, which is estimated to be $29,930.13 for 2015." Which means 80-Million people in America makes less than $29k or less per year. By JJP

Wage Statistics for 2015

April 8, 2017

The national average wage index (AWI) is based on compensation (wages, tips, and the like) subject to Federal income taxes, as reported by employers on Forms W-2. Beginning with the AWI for 1991, compensation includes contributions to deferred compensation plans, but excludes certain distributions from plans where the distributions are included in the reported compensation subject to income taxes. We call the result of including contributions, and excluding certain distributions, net compensation. The table below summarizes the components of net compensation for 2015.

 

Net compensation components for 2015

Compensation subject to Federal income taxes $7,144,666,448,113.06

Deferred compensation plan Contributions

Distributionsb+ 273,726,425,786.92

- 2,576,877,886.08

Net compensation 7,415,815,996,013.90

 Wages on which contributions were paid by 55,844,233 workers.

Distributions, to the extent included in reported wages (see text above), paid to 60,716 workers.

 

The "raw" average wage, computed as net compensation divided by the number of wage earners, is $7,415,815,996,013.90 divided by 160,794,699, or $46,119.78. Based on data in the table below, about 67.4 percent of wage earners had net compensation less than or equal to the $46,119.78 raw average wage. By definition, 50 percent of wage earners had net compensation less than or equal to the median wage, which is estimated to be $29,930.13 for 2015.


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