Wednesday, January 16, 2013

Middle Class Squid

Wall Street Journal on the Goldman Sachs results for the last quarter --

Yet the average Goldman staffer will take home $399,506 for 2012, compared with $367,057 a year earlier, as staff dropped to 32,400.

The thresholds to pay the new higher rates of US federal income tax under the fiscal cliff deal -- demanded by Republicans to protect the middle class -- are $400,000 for an individual and $450,000 for a couple.