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Old 05-06-2010, 10:06 AM
 
Location: On the "Left Coast", somewhere in "the Land of Fruits & Nuts"
8,367 posts, read 8,569,462 times
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Speaking of "sources", if you factor in the rather substantial "underground economy", esp. for some areas (i.e. Humboldt, Mendocino, etc.), no doubt those rankings would change considerably.
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Old 05-06-2010, 10:19 AM
 
Location: State of Jefferson coast
965 posts, read 2,614,609 times
Reputation: 1294
Quote:
Originally Posted by sonarrat View Post
I'm very surprised that the top 5 are all NorCal. I'm even more surprised that San Francisco isn't one of them.. but I'm most surprised that Contra Costa is one of them. Isn't that where people live to commute to SF because it's not so expensive??
It's because of commuting that some of these statistics are misleading. In the Bay Area, the county of residence is not necessarily the county where the job that's supplying the income is located.
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Old 05-06-2010, 11:31 AM
 
1,359 posts, read 4,371,936 times
Reputation: 770
You have to also realize that taxable income and actual book income can be very different, especially for the wealthy. For example, people with a lot of money often invest in tax-free bonds---interest from that won't be included. They also have a plethora of deductions available involving many of their investments, and other losses that may be deducted, etc. I don't really regard tax returns as being all that useful an indicator of anything other than how much is being paid in taxes.
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Old 05-06-2010, 12:04 PM
 
Location: Zurich, Switzerland/ Piedmont, CA
32,271 posts, read 55,009,078 times
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Quote:
Originally Posted by sonarrat View Post
I'm very surprised that the top 5 are all NorCal. I'm even more surprised that San Francisco isn't one of them.. but I'm most surprised that Contra Costa is one of them. Isn't that where people live to commute to SF because it's not so expensive??
Marin, San Mateo, Santa Clara and Contra Costa have been the Top 4 for the past 37 years-only they rotate spots.

Contra Costa has been as high as 2nd and if you think about it, it sorta makes sense. Aside from Richmond, and even in Richmond nearly a quarter of all households earn over $100,000 a year, and San Pablo, there really isnt much visible poverty in Contra Costa County.

East County might look ghetto in some areas too, but there is still a lot of income relatively speaking.
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Old 05-06-2010, 12:14 PM
 
Location: Sierra Vista, AZ
16,135 posts, read 20,782,628 times
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LA county goes all the way out to Palmdale and there are plenty of npoor to offset the rich. San francisco City has plenty of cash poor elderly sitting on houses valued in the millions that Prop 13 protects.
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Old 05-06-2010, 05:46 PM
 
Location: Sacramento
13,781 posts, read 23,768,040 times
Reputation: 6175
Quote:
Originally Posted by e_cuyler View Post
You have to also realize that taxable income and actual book income can be very different, especially for the wealthy. For example, people with a lot of money often invest in tax-free bonds---interest from that won't be included. They also have a plethora of deductions available involving many of their investments, and other losses that may be deducted, etc. I don't really regard tax returns as being all that useful an indicator of anything other than how much is being paid in taxes.
That is one reason median is of more value, it negates the "games" that some play at the high income level. At the median level, that isn't happening.
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Old 05-07-2010, 10:25 AM
 
Location: La Mirada
28 posts, read 44,784 times
Reputation: 19
there's a tax on Joints now? damn.
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