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Old 02-28-2013, 11:06 AM
 
Location: Glen Head, NY
840 posts, read 2,435,931 times
Reputation: 396

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people conflate income and wealth all the time. You can make 100k but if your house is paid, cars are paid, college and retirementy are covered, you are wealthy.

Quote:
Originally Posted by TheImportersWife View Post
How do you guys define Upper-Middle Class? Are we talking lifestyle or just income alone???
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Old 02-28-2013, 11:06 AM
 
Location: Nassau, Long Island, NY
16,408 posts, read 33,180,143 times
Reputation: 7337
Quote:
Originally Posted by FrmlyBklyn View Post
So...are you a surgeon, law firm partner, a finance snake or a builder? I counted 320-350 from your breakdown above. You forgot to include two school administrators - most would call them governmental snakes.
How true!
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Old 02-28-2013, 11:07 AM
 
Location: Glen Head, NY
840 posts, read 2,435,931 times
Reputation: 396
lol, i'm a marketing exec but i hustle hard for freelance work, it eats up a lot of my supposed down time

Quote:
Originally Posted by FrmlyBklyn View Post
So...are you a surgeon, law firm partner, a finance snake or a builder? I counted 320-350 from your breakdown above. You forgot to include two school administrators - most would call them governmental snakes.
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Old 02-28-2013, 11:09 AM
 
Location: Nassau, Long Island, NY
16,408 posts, read 33,180,143 times
Reputation: 7337
Quote:
Originally Posted by kunk10 View Post
lol, i'm a marketing exec but i hustle hard for freelance work, it eats up a lot of my supposed down time
You must have a favorable employment contract to even be able to do that. A lot of companies don't play around with non-compete (even after you quit working for them).
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Old 02-28-2013, 11:25 AM
 
Location: Glen Head, NY
840 posts, read 2,435,931 times
Reputation: 396
new york is a right to work state most of those are not enforceable if you have a good employment lawyer.
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Old 02-28-2013, 11:33 AM
 
Location: Nassau, Long Island, NY
16,408 posts, read 33,180,143 times
Reputation: 7337
Quote:
Originally Posted by kunk10 View Post
new york is a right to work state most of those are not enforceable if you have a good employment lawyer.
The "Right to Work" doctrine actually has nothing to do with freelance (or "moonlighting") employment. In "Right to Work" states, it means a person can work for a unionized employer WITHOUT joining the union. New York is not a "Right to Work" state. (Can you imagine if it was? We'd be able to break the public school teachers unions by hiring non-union instead of being forced to hire union.) On another subject, non-compete is quite enforceable in New York State and is a standard part of many employment contracts (for positions that actually deem having one). Although of course most of the workforce in NY (and the USA) is hired without contracts (and then you go by the company employment handbook).
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Old 02-28-2013, 11:45 AM
 
Location: Glen Head, NY
840 posts, read 2,435,931 times
Reputation: 396
^i guess I am a lousy amateur lawyer but regardless I've never been very good at following the rules.
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Old 02-28-2013, 12:16 PM
 
Location: Tri-State Area
2,942 posts, read 5,986,499 times
Reputation: 1839
Quote:
Originally Posted by kunk10 View Post
people conflate income and wealth all the time. You can make 100k but if your house is paid, cars are paid, college and retirementy are covered, you are wealthy.
Public school employees, LIRR workers and government employees, college presidents and professors - the noveau rich! Who knew?
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Old 02-28-2013, 12:19 PM
 
Location: Tri-State Area
2,942 posts, read 5,986,499 times
Reputation: 1839
Quote:
Originally Posted by I_Love_LI_but View Post
What do you mean O b a m a?

Can't blame him for everything.

Do you mean the AMT is going to be made worse during his administration?

Unfortunately, AMT has been around way before O b a m a.
No, but in 2013 (when you do your taxes in 2014) - anyone who makes $300K or above will invoke something called "Pease" - that will severely limit the amount of personal exemptions you can take on your tax return. Don't listen to the "we're not raising taxes" bs.
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Old 02-28-2013, 12:23 PM
 
Location: NY metro area
7,796 posts, read 16,352,538 times
Reputation: 10807
Quote:
Originally Posted by FrmlyBklyn View Post
That's ridiculous......

If you're pulling down $250K+, you are doing well for yourself.
The median income on LI is what $85K - if you are making 3x plus, you have significant disposable income to do as you please.....
You may be doing well for yourself, but you're not living an upper-middle class lifestyle on LI with 2 kids on 250k. Not where I live anyway.
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