$450k household income enough for a family of four in Manhattan? (private schools, vehicles)
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
that's what it comes down to . the ulta wealthy escape taxes somehow but those who work hard at being successful get nailed by the amt which is basically a flat rate tax from dollar one.
that's what it comes down to . the ulta wealthy escape taxes somehow but those who work hard at being successful get nailed by the amt which is basically a flat rate tax from dollar one.
Yep. And when people are baying for blood and want taxes raised on the "rich" its the successful workers with ordinary income that pay the bulk of that increase - not the really wealthy, idle or not....
Politicians will pander to that because then they can say "I increased taxes on the rich", and after all $250K is an amazing income in some parts of the country, but the politicians don't damage their biggest donors who aren't getting that much ordinary income anyway.
The working class lad who has made it good as a doctor is paying a greater percentage in taxes than those above him and those below him.
Back to OP's original question- is that going to be his salary here? Just because he makes $450k in Beverly Hills doesn't mean that he will make the same amount here.
We're planning on moving to NYC from Beverly Hills this fall with two kids. Question is - which NYC neighborhoods have the best public schools? Battery Park City? West Village? Kids will be in 4th grade when we come. We don't want to live in the suburbs. I don't think our income is enough to send 2 kids to private schools, and I really like the idea of public schools.
Thank you.
figure out where you want to live, and find rents for that area. Multiply that by 40,000. That will tell you how much you should be making AFTER taxes to be able to hold that sort of rent down. Then figure out how much the private school is a year for each kid. Then figure food etc which you can base off of your current situation. You will also need to figure out what 450,000 looks like after taxes. You should be good from that point. My guess is, you will be fine.
"Middle class" in NYC would be considered "poverty" elsewhere.
That's my point.
These rich people whining about being "middle class" have no clue how the middle class in this city really live.
The middle class is not defined by the income you make relative to other people in your city. The median income or average income doesn't define the middle class. The middle class is defined by standard of living and quality of life. For example, the median household income in the Bronx is $32k. That doesn't mean the middle class in the Bronx makes $32,000. That means that the Bronx has really low middle class population. In fact, only the top 6% of the Bronx population is middle class.
The middle class is not defined by the income you make relative to other people in your city. The median income or average income doesn't define the middle class. The middle class is defined by standard of living and quality of life. For example, the median household income in the Bronx is $32k. That doesn't mean the middle class in the Bronx makes $32,000. That means that the Bronx has really low middle class population. In fact, only the top 6% of the Bronx population is middle class.
According to what standards and what source of information?
The middle class has become somewhat ill defined as currently USED in US politics.
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
