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Started By
Message
re: Proposed 401k limit -- $2400 per year
Posted on 10/22/17 at 11:13 am to lynxcat
Posted on 10/22/17 at 11:13 am to lynxcat
quote:
You honestly believe “$225k isn’t a ton to live off”?
You don't have $225k to live off of. It's $225k - $75k=$150k. This is working off the 33% new proposed rates.
$150k/yr for a married couple with $250k+ student debt, a conservative $300k mortgage or (high rent payment in expensive city), and potential child care costs and you aren't living rich by any standard. I'm not saying it leaves you dumpster diving, but you shouldn't be in the top tax bracket. In my opinion.
Sorry if I wasn't clear earlier. I just don't like how it's always earners who are penalized through the tax code. The wealthy never seem to be affected on these deals....
2
Posted on 10/23/17 at 7:27 am to Oenophile Brah
quote:
You don't have $225k to live off of. It's $225k - $75k=$150k. This is working off the 33% new proposed rates.
$150k/yr for a married couple with $250k+ student debt, a conservative $300k mortgage or (high rent payment in expensive city), and potential child care costs and you aren't living rich by any standard. I'm not saying it leaves you dumpster diving, but you shouldn't be in the top tax bracket. In my opinion.
Sorry if I wasn't clear earlier. I just don't like how it's always earners who are penalized through the tax code. The wealthy never seem to be affected on these deals....
Again on a 10 year plan your payment is right around 2k.
Your take home is 5769 per 2 weeks or 12,500 a month.
If you can't manage what some poor chap makes in a year in a month you clearly need to get your wife in line.
300k mortgage is right around ~1700 a month.
12,500 - 3800 = 8700 for other budgetary discretions.
You can literally lease a 100k car and still have 7500 left over.
You really fricking suck at money if you are complaining about your lifestyle not being up to par.
Posted on 10/28/17 at 1:54 pm to Oenophile Brah
quote:
150k/yr for a married couple with $250k+ student debt
If you have $250k in student loan debt you’re insane, or you better have an MD
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