Nevergolfpar
Member
- Joined
- Jan 4, 2011
- Messages
- 234
- Reaction score
- 67
- Location
- Chicago area
- Gender
- Male
- Political Leaning
- Conservative
Actually, he was basing his numbers off of $55,000 per year and not $50,000 per year. As a result that equates to an annualized salary of $73,333.33. While your math is indeed correct, the variables you used were wrong. The problem with both calculations is the fact that neither formula factors in the deferred compensation packages that these teachers are making (at least in Wisconsin) to fund retirement/pensions. On top of the $55,000 per year salary another 11% needs to be added to account for the deferred compensation package. The new math looks like this:
$55,000*1.11= $61,050 (4/3)*61,050=$81,400 based on an average teacher salary of $55,000 in the state (which admittedly I believe is high). I will post another with the real numbers, but let me do the research first....
Using 2009 data, the average teachers salary in the state of Wisconsin is (according to teachersalaryinfo.com) $48,743.33 per year. With total teacher salary expenditures of $3,571,389,694. With this information we can accurately estimate the amount of teachers in the state at 73,269.
Benefit expenditures for the state: $1,719,827,769. With this information we can accurately conclude the average teacher in the state of Wisconsin is paid an additional $23,472.00 (rounding) in state provided benefits.
Based on this information the average teacher salary in the state is $72,215.33 per year in total compensation. This number is accurate to within in +/-$25. Unless someone on this board can prove me wrong mathematically, then I suggest both sides on this board use the $72,200 number when discussing teacher salaries in the state.
Furthermore, Wisconsin is rated at 24th in the nation in teacher salaries and this $72,200 would also be a good barometer to suggest the average teachers salary in the entire United States.
Now lets annualize this ACCURATE data which was CPwill's original intent: 1.3333*$72,215.33=$96,287.10 per year. The average teacher in the state of Wisconsin makes an annualized salary of $96,287.10 per year!!!!!