The Purple Buzz – By the Numbers, May 2012

Purple Buzz - By the Numbers

2.5 million: Young adults between 18 and 26 now receiving health insurance under their parents’ coverage due to healthcare reform.
(Source: www.whitehouse.gov, “A more secure future: What the new health law means for you and your family”)

3: Luxury homes Mitt Romney owns: 1) $10 million home, Wolfeboro, New Hampshire; 2) $12 million beachfront property, La Jolla, CA (made plans to tear it down and add second story and elevator for his cars); 3) $895,000 townhome, Boston, MA.
(Source: Boston Political Intelligence, March 27, 2012, “Mitt Romney’s Calif. home renovation plans include car elevator”; Zillow Blog, January 24, 2012, “Mitt Romney’s 6 homes”)

Zilch: At least 78 of America’s largest and most profitable corporations paid ZERO taxes in at least one year from 2008–2010 (General Electric, Verizon, Exxon Mobil, Wells Fargo, Hewlett Packard, Time Warner, more).
(Source: Citizens for Tax Justice, Nov. 3, 2011, “Corporate Taxpayers & Corporate Tax Dodgers, 2008-2010”)

1 out of 4: Millionaires who pay a smaller share of their income in federal taxes than middle-class families. 10 million households with moderate incomes paid a larger share of their income in taxes than 94,500 millionaires.
(Source: Washington Post, Oct. 12, 2011, “Report: A quarter of U.S. millionaires pay taxes at a lower rate than some in middle class”)

209: Difference in weekly pay between union and non-union workers. In 2011 among full-time wage and salary workers, union workers’ median usual weekly earnings, $938. Non-union workers, $729.
(Source: Bureau of Labor Statistics, union members summary, January 27, 2012)

11: Secretary earning $48,000 would pay 11 times more (as a percentage of income) into social security than millionaire boss. Boss making $1.2 million pays 0.37 % into social security. Secretary, 4.2 %.
(Source: www.socialsecurity.gov, “OASDI and SSI program rates and limits, 2012”)

$1 million: Average income for the top 1 percent.
(Source: www.motherjones.com, “It’s the inequality, stupid”)

$31,244: Average income for the bottom 90 percent.

$1 million: Average income for the top 1 percent.
(Source: www.motherjones.com, “It’s the inequality, stupid”)

185: Average CEO pay is 185 times more than average worker pay. If average worker earned $40,000, average CEO would earn $7.4 million.
(Source: www.motherjones.com, “It’s the inequality, stupid”)

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