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The real questions is why should he/she have to pay almost 50% of their income to the government to give to illegals or other dumbass handouts
Give them math a whirl, it’s no where near 50%. It’s right around 35% depending on the details but could be less. Oh and why do we have to pay taxes? Because it helps support a modern society, you do know this isn’t an American concept right?
Can we cancel your handouts too or do we just have to address the ones you don’t like?
The real questions is why should he/she have to pay almost 50% of their income to the government to give to illegals or other dumbass handouts
First, not close to 50% of income. At best, 35% in the examples above.
Second, this pays for the military, air traffic control, education, highways, social security payments for american workers who have put in decades of payments, unemployment insurance for when there is a recession so that people do not starve and crash our economy, medical care for americans who have put decades into the workforce, etc.
Lets remember illegal immigrants often pay taxes, but do not get tax refunds because they do not file. Hmmm, maybe they are subsidizing you?
These programs are generally good. Nobody is going to support every single government expenditure, but overall, these are necessary and beneficial things for all.
So, before you criticize, you may want to develop some understanding of the issues being discussed.
Some of your expenses are different than I would use;
- Loan qualifying allows PITI to be 28% of income so more like $70K, other debt can be as much as 10% so $25K = total $95K debt.
- 401K for 2 and HSA/medical for a family can be more like $45K
- Taxes would be $12K FICA, $15K CA, $33K Fed = $60K
- Daycare is $10-15K, so 2 kids maybe $25K
So with taxes of $60K and daycare $25K, left with $250K-95K-45K-60K-25K left with $25K for the rest. This is why $250K may not be much in places like CA, left with 10% or $25K for food, utilities etc - not living that high and can be feeling like money is tight.
Daycare for 2 kids in a LCOL for us was over $20k/yr just last year. In DC it's closer to $20-$25k/kid.
People should skip these nonsensical private costs, send their kids to public school and spend money on supplement with paying for one on one speciality tutoring. You could spend 2-3k on tutoring, come out ahead financially and your kid would probably benefit more
People should skip these nonsensical private costs, send their kids to public school and spend money on supplement with paying for one on one speciality tutoring. You could spend 2-3k on tutoring, come out ahead financially and your kid would probably benefit more
Yes, even in San Francisco or Seattle if $250k is not enough, they are making poor spending choices. We are in the Seattle area and not living paycheck-to-paycheck on less than that, with two car payments, mortgage and $8,000 property tax bill.
$8K in taxes? You've got to have a big house.
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