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Message
re: .
Posted on 7/28/20 at 9:16 am to oilattorney4lsu
Posted on 7/28/20 at 9:16 am to oilattorney4lsu
I’m pretty sure it’s understood that this is combined household income.
0
Posted on 7/28/20 at 9:19 am to SlowFlowPro
quote:
doing middle class (and above) things don't really associate much with the mass of people who are way below them. you associate with other people at/near your station and it creates a severe priming effect
so the next issue is defining what "middle" means. are we talking about the middle third? of income/savings?
some people seem to want to expand "middle" class to mean about 80% of the population
So what’s the solution? Associate with more people in the working class?
I have a maid, SFP and I go to church.
This was all said above in jest.
But I understand what you’re saying it’s about perspective but I think rich is a term relative to your position. I know we can’t go without income for 3-4 months. To me, that means you’re not close to wealthy. To me, that’s still working/middle class.
Posted on 7/28/20 at 9:20 am to Tigerlaff
quote:
No stimulus here and we didn't take PPP because we ran our business responsibly and didn't want to commit fraud.
No Lambo and dating services?
Posted on 7/28/20 at 9:21 am to Raptordawg
quote:Its all deficit spending. You aren’t “getting your money back”. You’re taking money from your children.
Since when is getting your own money back a handout?
Posted on 7/28/20 at 9:24 am to B4YOU
quote:
This is the worst kind of victimhood complex. You make 200-350k and you are complaining about some out of work waitress getting 1.2k. Be grateful for what you have. Plus, the govt you pay for keeps the “poors” from breaking in and taking your toys.
I owned a moderately successful tropical fish store for 2 years before selling it. Everything went through my individual taxes. The taxable was 120,000ish but what I was taking out of it was closer 25-30,000. 2 employees including myself and a part time kid with me working 7 days a week often 14 hours a day driving to Atlanta 2 times a week for stock. In 3 years I was expecting to personally start taking out around 50,000 and that’s when it got sold and I went back to DoD contract work.
I was better off than many in the community but by the time everyone else got their cut there wasn’t much meat on the bone for me. I made more money living in an air conditioned tent for 90 days at an ASP than I did the 2 years I own that shop.
Posted on 7/28/20 at 9:26 am to DiamondDog
quote:
So what’s the solution?
it's not really an issue with a solution. it's all just perspective and how that changes malleable terms like "the middle class"
due to my job i meet a lot of people on the other side of things than you. they have to "live small" and save up for months to afford to pay $500
*ETA: also don't take this as a defense of the high taxes and spending addiction our government has. i'm just talking about class perception
This post was edited on 7/28/20 at 9:27 am
Posted on 7/28/20 at 9:31 am to ithad2bme
quote:
I can't really complain about not getting a stimulus check because we got the PPP for our small business, but that went to cover salaries and we still didn't take a paycheck for 2 months so we could retain all our employees.
I'm in the same boat. PPP kept my people employed, but I didn't take a check for April or May. We generated practically no revenue April through June.
Things picked up in July, and are gangbusters right now. Some folks I know, lawyers and CPAs, were able to use PPP to pay employees, and take huge draws due to PPP since their revenue didn't have to go to their biggest expense.
Posted on 7/28/20 at 9:36 am to SlowFlowPro
quote:
due to my job i meet a lot of people on the other side of things than you. they have to "live small" and save up for months to afford to pay $500
So how do you even get paid? You just own the whole hood with IOUs? I need more info about how you’re even profitable.
What kind of law do you do? I been looking for a good attorney in LC.
This post was edited on 7/28/20 at 9:37 am
Posted on 7/28/20 at 9:38 am to DiamondDog
quote:
So how do you even get paid? You just own the whole hood with IOUs? I need more info about how you’re even profitable.
quote:
What kind of law do you do? I been looking for a good attorney in LC.
my primary area now is something i hope you don't need (criminal). but if you need an attorney for something specific, feel free to email me at my name from here at gmail dot com. i know who is worthy of a referral and who to advise you to avoid.
This post was edited on 7/28/20 at 9:40 am
Posted on 7/28/20 at 9:43 am to DiamondDog
(no message)
This post was edited on 2/22/24 at 12:08 pm
Posted on 7/28/20 at 10:08 am to Fletch1985
quote:This has nothing to do with income, tho. I know people that make millions and live paycheck-to-paycheck. Eyeballs deep in debt. I also know people that make $60k/yr, have no debt, own their home outright, and work more for fun than necessity. They could walk away any time.
Rich means you have enough capital to wake up tomorrow and never HAVE to go to work again. Otherwise you simply have a high income that you can lose at any time.
Feeling “rich” has more to do with living below your means than a measure of income.
You’re right though, anyone can be poor again. I’ve seen plenty of Trustafarians go broke with astonishing speed.
This post was edited on 7/28/20 at 10:09 am
Posted on 7/28/20 at 10:16 am to Flats
quote:
Then wtf do you call people who have a Gulfstream and a 4th house on Lake Como? Because you ain’t sniffing that on $200k.
Debt. Most of these people have debt out the arse. Maybe not OP, but most business owners I know live off credit. They just get more credit because they make more money.
Posted on 7/28/20 at 10:20 am to SEC. 593
quote:
What exactly does a $1,200 check stimulate for someone making that in a day?
It is actually a good question
Posted on 7/28/20 at 10:29 am to LanierSpots
It stimulates political cover. The political reality is that unless you want a puppet President Biden being run by marxist, it is going to cost at least one trillion dollars. Republicans have no choice. If it helps Trump get another four years, it's worth every penny. The alternative is to horrible to contemplate.
Posted on 7/28/20 at 10:34 am to Taxing Authority
(no message)
This post was edited on 2/22/24 at 12:07 pm
Posted on 7/28/20 at 10:35 am to DiamondDog
quote:
The people caught between middle class and rich really get the shaft. The $200,000-350,000 earners just carrying the weight for all the poors around here. Let’s make a list of what government does for people like me? Absolutely nothing. America only panders to the absolute poor or extremely rich. We’re the Forgotten Class.
You’re well within upper class. You aren’t filthy rich, but don’t act like you have it so bad
Posted on 7/28/20 at 10:42 am to Fletch1985
OP has $206,000 in combined student loans. OP has made some bad decisions to this point. OP is further thankful for all he has but can’t be lumped in with sustained long term earners of this class.
This post was edited on 7/28/20 at 10:43 am
Posted on 7/28/20 at 10:47 am to DiamondDog
Yea, but don’t you feel so good about giving your money to people who spent their youth and earnings frivolous. It warms me even more to know that only a percentage my money makes it to them after being thoughtfully allocated (with minimal waste) by our government employees.
Posted on 7/28/20 at 10:54 am to SlowFlowPro
quote:
nobody says you can't complain the issue is that you're not "middle class". not really even close to it
I'm with SFP on this. Most people have NO clue that so many people make so little money. People who didn't grow up like Rockefellers or Vanderbilts always tend to see themselves as middle class for the duration of their entire lives, regardless of how much they earn or accumulate. It's just a subconscious bias (no judgment, btw, it's universal).
There's a really neat chart put out by the WSJ for seeing what income percentile you're in. LINK
If you, individually, make just $100K a year, you earn more than 92% of Americans.
If you, individually, make just $30K a year, you earn more than 53% of Americans.
If you took "middle class" to mean individual income between the 25th and 75th percentile, that would be (roughly) $12,500 and $52,500.
Full disclosure, the WSJ uses all persons 16 and over who earned income as their base, so some high school kids might be skewing this some, but probably not so significantly as to render it un-useful.
Posted on 7/28/20 at 11:14 am to DiamondDog
So you are bitching because you want those loans off your neck? I don't blame you. Service on that amount has to run north of 1200/month?
You elected that slavery.
You elected that slavery.
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