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According to this Chart, You Really Don’t Make That Much Money

Posted on by Adrienne Gonzalez

Who wants to talk about money? Our favorite subject!

As we all know, most of you do pretty well for yourselves even fresh out of college (this Redditor being the exception, as she's pulling in just $48k with a CPA on her sixth busy season OUCH) but just how well do you think you're doing compared to the top 1%? How about the top .01%?

According to this NYT piece, the average income for the bottom 90% in 2012 was $30,997. For the top 1%, that's $1,264,065 and for the top 0.1% $6,373,782.

The canyon between the "average" folk has only widened over the years, but we all knew that, right? Let's see just how wide the gap is (remember our number on the left is in millions):

Keep this chart in mind next time you're complaining about your friend at another firm making $6k more than you. Who cares? In this context, all of us regular fools are lumped into the same boat — "all of us" meaning you, me, the manager at Burger King, the cop who gave you a speeding ticket last week… you get it.

You might enjoy the rest of the NYT article, it was pretty interesting. Of course, it might also make you bitter about that awesome $80k+ salary of yours.

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Caption Contest Poll Results: E&Y at the Emmys

Your winner after the jump:


Thumbnail image for Thumbnail image for Thumbnail image for E&Y_emmys.jpg
“EY reimbursed me for this dress with the money that would have been used to pay your bonus“
With nearly 75% of the vote. A landslide of Iranian proportions. The rest:
• Two more Deal or No Deal rejects reenact their failed auditions for the cameras – 11%
• The sun never sets on a badass. – 9%
• To help lower the deficit, the Secret Service started selling ad space on the President’s “football” – 5.5%
Is money all you people care about?

Footnotes: Dirty Monks; What’s Up With Alibaba?; Print Your Own Money | 05.07.14

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BDO Seidman Waited to Change Their Name Because They Had a Really Special Birthday Coming Up

weisbaum_jpeg.jpgWhen we saw the BDO rebranding story this week we were perplexed because we told you about this new effort to popularize the Global 6 in OCTOBER.
Come to find out that 2010 will mark the 100th birthday of BDO Seidman so there was no rush to change the name back on October 1 with the less-special firms because A) all the firm’s clients were already calling them ‘BDO’ and the change wasn’t really ness, and B) they couldn’t cancel all the festivities they had planned:

“The adoption of the single ‘BDO’ brand name reinforces our commitment to the BDO international network, even as we celebrate our firm’s centennial here in the United States,” said BDO (U.S.) CEO Jack Weisbaum in a statement. He acknowledged that many of the firm’s clients have been referring to the firm as BDO for years anyway.
BDO plans to conduct a year-long celebration of the firm’s founding by Maximillian L. Seidman in 1910, including historical podcasts on the firm’s intranet, a centennial video tracking the firm’s progress over the past century, and celebrations at the BDO Biennial and BDO Partner Meetings in November.

Gosh that does sound fun. We totally get it now.
Plus, the American firm still has to figure out how to pay $521 million to Banco Espirito. Going out at an even 100 years would put a nice cap on things.
BDO Seidman Rebrands as ‘BDO’ [Web CPA]