Sangamon County Income Disparity

$120,000.00

This chart shows that very few people live well enough to spend
$100,000.00
money on more than the bare necessities. This chart also shows the
real number of people in Sangamon County, and not just the “mar-
Actual Income and Number of people

ketplace participants” (those who have the extra income available

$80,000.00 for savings accounts and retirement investment.)

$60,000.00

$40,000.00

$20,000.00

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$5

People in Hourly Wage Category -

Median Annual Salary wokers 2000 projected workers 2010
projected
Starting
Wage
Median Annual wokers
Salary 2000
workers
2010
This chart was compiled actually missing. Some jobs The results of the last elec-
$5.94 $12,405.25 484 559 from two seperate documents were reported on the sheet for tion should have been heeded
$6.00 $13,503.24 40,290 45,251
$7.00 $15,825.69 39,516 43,315 provided by the Illinois Depart- number of employees, while as a waring sign.
$8.00
$9.00
$18,083.79
$19,987.54
37,240
23,404
39,637
26,533
ment of Employment Security not reported on the sheet re-
$10.00 $21,804.04 5,283 5,550 and the United States Census cording wages and salaries. The Republican platform
$11.00
$12.00
$23,687.98
$26,478.67
9,499
14,570
10,279
16,702 Bureau. of privatizing Social Security,
$13.00 $27,987.40 13,419 14,874 The following pages will also individual health savings ac-
$14.00 $30,872.58 9,461 10,645
$15.00 $33,543.33 3,024 3,377 The data was originally pro- contain interactive work sheets counts as a replacement for
$16.00
$17.00
$35,872.19
$37,655.44
3,443
11,100
3,981
13,188
duced in such a way that made to give you a better idea of how Medicare, and promoting en-
$18.00 $40,355.22 14,785 16,689 it extraordinarily tedious to expenses effect the lower in- trepreneurship are good ideas
$19.00 $42,975.13 5,108 5,277
$20.00 $42,915.93 1,691 2,072 combine into a single Microsoft come brackets. but the audience to which such
$21.00
$22.00
$45,002.54
$46,488.10
991
1,227
1,055
1,542
Excel spreadsheet. Much of the appeals might be attractive
$23.00 $48,986.13 894 1,010 data had to be manually en- The whole point of this ex- numbered in the minority at the
$24.00
$25.00
$50,590.00
$53,260.63
149
488
172
632 tered and verified, taking about ercise is to demonstrate that polling places.
$26.00 $54,261.67 195 216
twelve hours. money permanently leaves the
$27.00 $57,096.00 38 45
$28.00 $59,523.67 210 225 local economy for the pockets Those numbers continue to
$29.00
$30.00
$61,291.00
$63,095.00
204
149
237
173
It was well worth it. As you of people outside the state, such dwindle as poverty creeps into
$31.00 $65,342.00 562 626 can see, the vast majority of as National restaurant franchis- the lives of those who think
$33.00 $69,829.00 9 10
$40.00 $79,721.00 59 60 people in the county earn under es and “Big Box” store chains. they are secure in their jobs or
$42.00 $88,164.00 95 113
$45.00 $95,478.00 13 17 $10.00 per hour. This is the se- businesses higher up in the in-
$47.00 $97,956.00 284 276 lected “drop-off” point into my Money hemmorages faster come brackets.
interpretation of “poverty.” from the local economy at the
lower end of the income scale, Economic collapse is arrived
Money is a finite What is the significance of and the problem is not per- at when those at the bottom of
resource, and San- knowing this information? ceived at the higher end of the the income-chain make a single
gamon County is income scale where the local major modification to their
The full data sheet contains government officials reside, in- overall lifestyle. What will it be
almost tapped out. actual job descriptions, number cluding legislators, lawyers, as this time?
of employees actually in that well as members of the Cham-
particular position, and what ber of Commerce.
they earn. Some of the data is
*Data compiled from State of Illinois, IDES, EI&A in December 2006
Income Federal tax Fica tax State tax Subtotal Net Income This chart shows real pay
$10./hr 0.082694444 0.0765 0.028402778 Deducted $8.12 / hr based on a part-time job with
$720.00 $59.54 $55.08 $20.45 $135.07 $584.93 72 hours per pay period.
This real income may be after taxes, but does not include all other expenses. How much do you make?
Wage Federal tax Fica tax State tax Subtotal deducted Net Income
0.1876
$10 0.082694444 0.0765 0.028402778 =(wage x Fed) + =wage - sub
$720.00 0.082694444 0.0765 0.028402778 (wage x Fic) +
$584.93
$135.07
(wage x sta) per pay period
Okay, now let’s look at other expenses:
GASOLINE RENT UTILITIES FOOD
Tank capacity Electric Meal Budget
$600.00
12.00 $10.00 $5.00

Cost Per Gallon

Per pay Period Water Meals per pay period
$10.00
$2.69 50.00
$300.00 Gas
Cost per pay period
Fillups per Month $10.00
Sewer
2.00 $250.00
$10.00
Cost Per Month Trash Cost Per Month
$64.56 $10.00
Total $500.00
Cost per pay period
$50.00 Can you get Groceries
$32.28 and eat at home for less?
$25.00 per paycheck

So what do you have left after all of that? Can you save enough for retirement? Your children’s college?

Net Expenses

$617.28
Your new net income! ($32.35)
Having figured all this out (excluding car insurance, health insurance, telephone, cable, repair costs,
education, banking fees, credit card related expenses, and childcare), how easy do you think it would
be to save any money?