re: Americans think they need to earn $233,000 to live comfortably, and $483,000 to be rich

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Because no one on earth believes you pay like 10k per year in property taxes in suburban Georgia.

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Depends on where. It’s fairly common in some of the higher-value burbs (Alpharetta, East Cobb, Vinings)

I know when i was single and and had my best year. They took 37% from me.


Alleghany county pa

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I miss spoke it’s 15k to 22k per year not 2200 per month. I’ve done the math a 1000 times and I thought I would come out ahead by a lot by moving to Houston but those property taxes are a bitch.

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so i havent looked in about 5 years but when we were going to move to Houston pretty much my property tax and income taxes in LA was going to be about the same as the property taxes in Houston.

private school would have went away but would have had to pay for the private after school care which was close enough to not be a big savings as suggested by many in these threads.




i do find it funny and enlightening when people post what they make in these threads. Makes a lot more sense on why so many on the OT are so so concerned with what others spend their money on and how they dont understand you can fully fund retirement, college funds and still have plenty of money for extra things like a boat, sports, vacations etc.

people that have a household income under 100 are not going to understand how someone can afford certain things and assume everything is on credit.

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CP3LSU25

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I'm right. Keep malding.

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Everyone is "middle class". It's just part of the American psyche.

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truth and a big issue.

for some reason in america its frowned upon to be wealthy.

ftr this is considered midddle class in louisiana

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2-person family middle-class income range: $37,312 to $111,378

3-person family middle-class income range: $43,139 to $128,774

4-person family middle-class income range: $54,792 to $163,558

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in louisiana, below 66 is lower middle, above 100 would be considered upper middle class.

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Texas

2-person family middle-class income range: $44,975 to $134,254

3-person family middle-class income range: $49,410 to $147,494

4-person family middle-class income range: $57,212 to $170,782

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below the above and you are poor, aka lower class.

above those ranges and you are wealthy. notice i didnt say ultra rich etc but you are upper class.

It would be far less if local, state and federal taxes are stripped.

I love how all of twenty somethings have it all figured out.

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High income earners raise the average really high. The median will be much lower.

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The median full-time worker makes $57,000 per year.

The median male full-time worker makes $61,000 per year.

The median female full-time worker makes $51,584 per year.

LINK

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so i havent looked in about 5 years but when we were going to move to Houston pretty much my property tax and income taxes in LA was going to be about the same as the property taxes in Houston. private school would have went away but would have had to pay for the private after school care which was close enough to not be a big savings as suggested by many in these threads. i do find it funny and enlightening when people post what they make in these threads. Makes a lot more sense on why so many on the OT are so so concerned with what others spend their money on and how they dont understand you can fully fund retirement, college funds and still have plenty of money for extra things like a boat, sports, vacations etc. people that have a household income under 100 are not going to understand how someone can afford certain things and assume everything is on credit.

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I thought the same thing on quick math of 6% state tax in Louisiana but once you actually look at your W2 it’s substantially less.

I was off by damn near 10k on what I thought my state income tax was vs what I actually paid.

That is because Louisiana dropped to 4.25 percent on incomes over $100k.

Opposite question. What high income is it ok to spend whatever you want? $500k, $1 Mil, $$1.5 mil?
To let your life style really creep up. Say that you are saving 40 to 50% of your net pay, so soild savings rate. What high level monthly expenses would you be ok with? $20k? $30k? 40k?