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Posted on 10/10/17 at 9:06 am to Mike da Tigah
quote:
as it is economically out of reach for most Americans, or at least without some real sacrificing in our current economic system.
Nah, the people who should have more kids aren't, the people who shouldn't, are.
We're breeding ourselves into stupidity.
This post was edited on 10/10/17 at 9:07 am
Posted on 10/10/17 at 9:06 am to man117
quote:
300-50)/12 = ????
I guess you're going to make the after tax argument next?
It's a valid argument since @ 50k you pay no income tax (you get a return actually)
@ 200k you are almost always paying something unless you itemize properly or have multiple retirement accounts.
This post was edited on 10/10/17 at 9:07 am
Posted on 10/10/17 at 9:06 am to man117
quote:
I guess you're going to make the after tax argument next
Umm, are you saying you budget based on pretax income?
Posted on 10/10/17 at 9:07 am to 50_Tiger
How do you figure no income tax at 50k?
Posted on 10/10/17 at 9:07 am to GEAUXT
quote:
No, most likely you'd live the same life just in a more comfortable fashion.
It's not the same life if it's in a more comfortable fashion.
Posted on 10/10/17 at 9:07 am to RogerTheShrubber
quote:
Nah, the people who should have kids aren't, the people who shouldn't, are. We're breeding ourselves into stupidity.
Oh, you’re right, but we are still paying for the kids. They just aren’t our kids, and they still don’t help us in population growth or even sustaining the current population figures without immigration.
Posted on 10/10/17 at 9:09 am to yellowfin
This thread has turned into a shite show
Posted on 10/10/17 at 9:10 am to SuperSaint
quote:
This thread has turned into a shite show
Indeed.
Posted on 10/10/17 at 9:11 am to yellowfin
quote:
How do you figure no income tax at 50k?
Standard deduction minus any other deductions almost surely puts you flat or negative for income tax. Will verify though.
You are really close to the line though.
Posted on 10/10/17 at 9:11 am to yellowfin
EIC is what I think he's talking about, but that's like under $30k a year, not 50
I'm not the cpa though, you are
I'm not the cpa though, you are
This post was edited on 10/10/17 at 9:12 am
Posted on 10/10/17 at 9:12 am to 50_Tiger
You're way off
Posted on 10/10/17 at 9:13 am to Mike da Tigah
quote:
Oh, you’re right, but we are still paying for the kids. They just aren’t our kids, and they still don’t help us in population growth or even sustaining the current population figures without immigration.
True, which I believe is the true intention of lessening immigration measures.
Posted on 10/10/17 at 9:14 am to Pecker
quote:
It's not the same life if it's in a more comfortable fashion.
My point is that you're not driving around in Bentleys and flying to your multiple vacation houses.
My post wasn't meant to inflame, I was just attempting to illustrate why these discussions about what is and isn't middle class are pointless.
There is no magic cut off, despite what statistics say. The vast majority of Americans live varying degrees of the same lifestyle despite the polarizing rich and poor arguements.
Posted on 10/10/17 at 9:14 am to slackster
quote:
They're not upper middle class either.
C'mon, you think 150k is "upper class"?
What is 400k, then?
Posted on 10/10/17 at 9:16 am to 50_Tiger
You seem very based. Also uninformed. Bet you get your assumptions from talking points.
Posted on 10/10/17 at 9:16 am to yellowfin
quote:I fricking wish
How do you figure no income tax at 50k?
Posted on 10/10/17 at 9:17 am to GreatLakesTiger24
Money threads on the OT make me feel poor AF. College degree, white collar job, make as much money as my dad at 26 years old, thread says I’m lower middle class
Posted on 10/10/17 at 9:18 am to SuperSaint
i like 50, but he didnt even know that we had a marginal tax rate system until a thread last year
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