How is this List relevant? best places to live...LI (low income, real estate)

[mulliganx]

I find this all very interesting and slightly depressing. I think I will search for a position that includes stock options my next go around !

[ovi8]

stock options & bonuses aren't reported? Are stocks not capital gain? Bonuses not part of wages earned?

Originally Posted by twingles

There is a difference between "Median" and "Average" which always seems to get lost here.

This is true, which makes me wonder why median is even used. What is the benefit in knowing the middle of a set of numbers instead of the average, especially in this case?

[Spanky25]

Originally Posted by MikeyKid

The people who live in those towns don't make their real money from a salary.

So true! They get paid with stock. So, 125k living in Upper Brookville is not that far off.

Capital gains tax on stock is 15%
Salary, like most of us here is are taxed between 28-32%
INCOME TAX

Wouldn't it be nice to have an extra 13-17% in your pay?
Capital gains tax vs income tax

[mulliganx]

I am a bit ignorant in this area, but I believe the basic premise is..

These individuals receive stock options that give them XX # of shares each year with their company..

Sell those shares off at a tax rate of 15%, and then they receive a new set of xx shares the following year to rinse and repeat the entire process?

[Spanky25]

Originally Posted by mulliganx

I am a bit ignorant in this area, but I believe the basic premise is..

These individuals receive stock options that give them XX # of shares each year with their company..

Sell those shares off at a tax rate of 15%, and then they receive a new set of xx shares the following year to rinse and repeat the entire process?

Exactly! While we pay 28-32% tax on our incomes.

Just another loopoll

[mulliganx]

Policies like this are contributing to the shrinking of the middle class and the lengthening of the gap between rich and poor. Tsk, I need to read up on this more!

[ovi8]

Originally Posted by Spanky25

So true! They get paid with stock. So, 125k living in Upper Brookville is not that far off.

Capital gains tax on stock is 15%
Salary, like most of us here is are taxed between 28-32%
INCOME TAX

Wouldn't it be nice to have an extra 13-17% in your pay?
Capital gains tax vs income tax

Sounds oversimplified to me. I'd be interested to read details about how people are doing it and google is failing me. There must be some control in place for buying/selling within time periods for company stock. I was awarded some myself for our large corporation, obviously not to the same degree as execs. It is not fully vested until 4.5 years from the award date.

Also, the statistics report income, not salary. So stocks (capital gain) should be in there as long as it's short-term (1 year). Now there are also tax-exempt incomes (bonds & securities) but still it's income.

What it tells me is these uber rich people with typical "income" are still in a good/high position to be banking so much.

[Spanky25]

Originally Posted by mulliganx

Policies like this are contributing to the shrinking of the middle class and the lengthening of the gap between rich and poor. Tsk, I need to read up on this more!

I'm NO accountant. I know the basics. Here you go:
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[PrestigiousReputability]

Originally Posted by mulliganx

How do they make it then?! o.O

Loan sharking?

Most are Old Money aka trust fund babies..

Generational wealth.

Mommy and daddy's money

[ckhthankgod]

Seeing Cayuga Heights on that list makes sense, as it is near Cornell University and is the most affluent municipality in Upstate NY in terms of per capita income, if I'm not mistaken.