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July 29, 2004
IRS Says We Po

The I.R.S. says Americans' income shrank for 2 consecutive years.

I know that's certainly true for me. Two years ago, I was making mad bank, then for a year and a half I was making from zero to unemplyment insurance, and now that I have a job again, I'm making basically squat.

Let's do the numbers:
When I went from working for Oxygen to collecting unemployment, my income fell by about 73%. Then when I went from collecting unemployment to running out of unemployment, it fell the remaining 27%, where it stayed for quite some time.

Now that I'm working, my income has increased 100%, but is 60% lower than it was 2 years ago.

Yowch.

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