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Did You Know (taxes, employee benefits & college degree)?

 

I came across some interesting facts that make for good conversation. I would love to hear your opinion on these.

1. ALMOST ALL OF IT – The top 20% of US households paid 94.1% of all federal income tax paid by individual taxpayers in 2009, up from 64.7% paid by this group in 1979 (source: Congressional Budget Office).

2. WORKER COST – The average employer in the private sector pays 42 cents in benefits (e.g., Social Security, Medicare, unemployment insurance, workers’ compensation, life and health insurance, paid leave, retirement plans) for every $1 paid in salary (source: Department of Labor).

3. THE VALUE OF EDUCATION – The median net worth of American families headed by a person that received a college degree is 3.8 times as large as the median net worth of American families headed by a person that received only a high school diploma (source: Federal Reserve).

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