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Whether $100,000 a year is wealthy or not is highly dependent on where one lives. If they live where I do, it is certainly wealthy, though not rich (I make a distinction between "well-off", "wealthy", and "rich"). If they live in Manhattan, probably not.
And, not exactly staying on topic, what's so bad about living with your parents if you're single? As long as you have a job or study (or contribute to society in some other way), I don't see anything wrong with it. Especially when you're coming from a 3,000 or 4,000 square foot house. Way to waste space!
It's not enough that progressives want to tax the uber-wealthy. They want to tax JimJoeBob's coffeeshop on Main St. at a higher tax rate just because he's been able to provide a valuable service to the community. Liberalism is a mental disorder.
WRONG. Name one liberal who wants to tax someone at a higher rate simply because he provides a valuable service to the community. You can't do it. You just can't possibly do it. So since you are so profoundly wrong to think that liberalism is a mental disorder, all I can feel is nothing but pity upon you. So please someway, somehow recognize how severely wrong you are and get a life, PLEASE!
And, not exactly staying on topic, what's so bad about living with your parents if you're single? As long as you have a job or study (or contribute to society in some other way), I don't see anything wrong with it. Especially when you're coming from a 3,000 or 4,000 square foot house. Way to waste space!
I don't see anything wrong with it either. It may help a single stay out of trouble and out of jail.
if a neighbor hood has 5 people flipping hamburgers, a carpenter, a mechanic, and a doctor, are you going to say 'look at the evil RICH doctor, and mechanic" because the BOTH make more than the median
I live is a MIDDLECLASS neighbor hood
I am a mechanic making about 65-70k....well above your so called median...am I a mechanic.. rich?????
my next door neighbors are a working couple,,she is a teacher nad he is a Suffolk county Police office...together they make about 250k....are they (a teacher and a cop) rich??????
my other neighbor is a stock broker....depending on the market he could make anywhere from 10k-50k A MONTH...is he rich......because his house and neighborhood sure are middleclass....his 5 kids go to the same school as my kids
the guy across the street owns a construction (carpentry) business, the company may make 100's of thousands (maybe even crossing the million mark), but HE gets a middleclass salary..hes just young adult kid works for White Castle..making about 50k as a store manager (he is not mechanicly inclined like his dad)
you people out there in CD land seem to want to CLASSIFY what a person is based on what...a salary??? what kind of wine he drinks??? does it really matter if they drink a 30 dollar a bottle of wine, or a 5 dollar bottle of wine
Long Island has among the highest paid cops and teachers in the entire country. Hell a cop married to a teacher is making about 2.5 times the median household income on LI. Fact of the matter is a teacher and a cop on LI are very well off.
250k is middle class...upper middle class....but still middle class
This is a foolish statement at best. Less than 1.5% of the U.S. work force earns a salary of 250K or more. How is that "MIDDLE" class again?
A person making 250K is rich. The reason why you don't think so is because true middle class can spend money like they are rich due to the amount of available credit and payment plans. This is why someone making 60K can buy a Mercedes. Most people in this country don't have money and live off credit.
You'd be left with 26,450 to play around with. Of course you don't have to live on the upper east, you could live in a luxury building in downtown Jersey City 5 minutes from the financial district in new york for a little more than half that and save 30,000.
your coming up short on those taxes
it would be 35-36% federally
plus 6% (12% if self employeed) to SS
thm.. state tax
then CITY tax
you need to be earning 125K just to qualify for a mortgage on a POS house in wyandanch (EXTREMEMLY crappy neighborhood)
120k is working class in lower NY....250k is still middleclass
it would be 35-36% federally
plus 6% (12% if self employeed) to SS
thm.. state tax
then CITY tax
you need to be earning 125K just to qualify for a mortgage on a POS house in wyandanch (EXTREMEMLY crappy neighborhood)
120k is working class in lower NY....250k is still middleclass
So insanely wrong its not even funny.
First off a married couple making $250,000 would not be paying 35-36% federally, WAYYY off. It would be 21%, $53,865, thats with no kids and with just a standard deduction. Have a couple kids and take an itemized deduction you are under 20%. You will only pay social security tax on a portion of that income.
$125,000 to qualify for a mortgage in Wyandanch?? Come on now, you really need to stop making things up. The only way that is possible is if you have a 280 credit score and can only get a 30% Interest rate
$125,000 to qualify for a mortgage in Wyandanch?? Come on now, you really need to stop making things up. The only way that is possible is if you have a 280 credit score and can only get a 30% Interest rate
huh
a 400k house...ok even a 300k house would be $1600 a month JUST FOR THE RINCIPAL and INTEREST...then ADD the $12000 a year ($1000 a month) for property taxes, then add the $200-500 a month for home owners ins (most of the south shore is in a flood plain now)...and that's with a 5% interest rate.....so we are talking about at least $3k a month mortgage...since $3k shouldnt be more than 30% of your net income , that means you should be bringing in at least 9k a month...that's $108k...pretty darn close to $125k....JUST TO QUALIFY for a mortgage
First off a married couple making $250,000 would not be paying 35-36% federally, WAYYY off. It would be 21%, $53,865, thats with no kids and with just a standard deduction.
hmm according to the IRS..if you TAXABLE income is between $171,850 and $373,650..you tax bracket is 33%
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