Quote:
Originally Posted by Danzig
no? 250k isn't gates/buffett wealthy, but it's wealthy nonetheless. compare it to the average wage in this country, or the median if you wish. besides, they don't pay that higher amount on the whole 250k. i'd love to have that problem....working on it!
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Let's say you work in NYC, lots of people do that make over 250K. This family of 4 cannot afford to live in NYC so the move to Westchester, Rockland or NJ and commute. They also pay State (NY, NJ or both if you live in NJ) and NY city taxes on top of the highest federal tax rate. It costs anywhere from $350-$700 (that cannot be written off anymore) per month to take public transport from an outlying area to get to NYC. What are you left with? Middle class on a good day.
Wealthy is a lot more than 250K per year. If you live in Oklahoma, it is probably wealthy.
07-13-2012, 05:30 PM
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