If I deposit a $40,000 check to my bank account will I be red flagged from IRS?
The agency that deals with this is FinCEN. If the bank thinks that what you are doing is suspicious, then they will report it to FinCEN, and if FinCEN thinks that you are evading taxes, then they will bring in the IRS.The IRS doesn’t red flag accounts. Usually what happens is that if the IRS has suspicion that you are evading taxes, they will contact the bank and the bank will give them all your bank records. In some sense, everyone’s accounts are red flagged by the IRS.A USD 40k check from inside the US shouldn’t cause any issues because it’s likely that the money is recorded by some one else that they can check if there is an issue. For example if you got the money from the sale of a house, the real estate agent will issue that information to the IRS so there is no need for the IRS to track the money coming in.The one situation where a USD 40k would raise flags is if it came from foreign sources. If you suddenly started getting lots of checks from BVI corporations, then the bank would issue a report to FinCEN, FinCEN would contact the IRS, the IRS would check if you’ve reported any association with overseas corporations. If you didn’t, the IRS would assign an case worker to investigate further. If they can’t come up with anything, you’ll never know anything happened.
Has the policy of "trickle-down economics" been definitively proven to work or not?
It is sad that people still think this is a real thing.Trickle Down Economics is simply a political attack. The original term was called Leak, and was coined in the 1800’s. Nobody has ever proposed a “trickle down” theory of economics.The fact is it completely misrepresents certain economic theories, and completely misrepresents how wealthy and money actually work.Wealth doesn’t trickle, it is created or grown. Money is not water, it is something you exchange for something else. (A medium of exchange.)The term has been applied to at least half a dozen different economic ideas.The fact that so many people actually think it’s a real thing shows how successful the propaganda was. The fact that so many people keep discussing it here shows how bad our education system is.
How much money does the average American earn a month?
Unlike some countries, American salaries are almost never described in “per month” terms. Incomes are either described as an annual salary or as an hourly wage. With that out of the way, individual income varies wildly, depending on whether one is a full-time worker, whether one is a college graduate or not, and where in the country one lives. Income also varies by age, race, and gender. There is also median income vs, mean income. Lastly. income in the United States is usually reported by the government on a household rather than an individual basis. It is incredibly difficult to find a reliable average for a country, with wild income inequality, of over 320 million people. Even the well-sourced Wikipedia article Personal income in the United States - Wikipedia is full of contradictory information spliced and diced, varying by year. In short, you're not going to get a precise figure, and any average number will not be reflective of how tens and tens of millions of people live.All that said, a rough estimate for median annual personal income in the US, not just full-time workers, is about $33,000 per year, or $2750 per month before taxes. Most full-time workers make more than that.