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re: What do you consider middle class?
Posted on 2/10/20 at 10:51 am to tigerfoot
Posted on 2/10/20 at 10:51 am to tigerfoot
quote:
What exactly are we supposed to be seeing?
We see a voting booth, but dont do shite about anything. We send the same broke dicks to public office year in and year out because of a letter after their name.
The government is never going to make you prosperous. Only hold you back.
1
Posted on 2/10/20 at 10:52 am to GreatLakesTiger24
quote:
very few small cities have swla’s level of economic growth
You are right but making 100k is not that hard as a family. That is any trade person and a teacher or secretary in most places. Home prices in swla have went up do to the growth to reflect it.
Again my numbers are sound for most places. Yes everywhere hasn't seen the wage growth swla has, but most places didn't have the oil downturn in the 80s and 90s keeping wages down.
Posted on 2/10/20 at 10:54 am to GreatLakesTiger24
quote:
idiot x2
Try and follow along lil buddy
Sure bro. Keep telling us how the "norm" is trying to live in a desirable part of a large urban area and not being able to afford it, then complaining how housing is unaffordable nation-wide.
Posted on 2/10/20 at 10:54 am to GreatLakesTiger24
quote:
idiot x2
Try and follow along lil buddy
I think he is saying lake Charles is a bubble. He is wrong...atleast along the lines of jobs outside of the major projects and the two biggest are pretty much complete.
Posted on 2/10/20 at 10:56 am to Centinel
quote:I’ve never said that’s the norm and I’ve never complained about housing prices.What are you talking about?
Keep telling us how the "norm" is trying to live in a desirable part of a large urban area and not being able to afford it, then complaining how housing is unaffordable nation-wide.
Posted on 2/10/20 at 10:56 am to Centinel
quote:
Sure bro. Keep telling us how the "norm" is trying to live in a desirable part of a large urban area and not being able to afford it, then complaining how housing is unaffordable nation-wide.
Oh my bad. Yea he is stupid with that.
That's like the guy in NYC that is an engineer lecturing me about how engineers don't make enough money...well no shite I make more than him and he lives in NYC. Guess you do think that.
If you aren't getting a cost of living adjustment to move to these big cities that cost a shite ton....well you are stupid for doing it. If you choose to do it without the adjustment well than stfu and don't complain.
Posted on 2/10/20 at 10:57 am to lsu777
quote:
I think he is saying lake Charles is a bubble. He is wrong
No, I'm saying GreatLakes and people like him live in a bubble, assuming their urban lifestyle preferences and inability to afford it translates to the rest of the country.
Posted on 2/10/20 at 10:57 am to fallguy_1978
quote:
The government is never going to make you prosperous. Only hold you back.
Anyone waiting for the government to boost their standard of living is never going to be prosperous or successful in any endeavor.
Posted on 2/10/20 at 10:58 am to GreatLakesTiger24
quote:
I’ve never said that’s the norm and I’ve never complained about housing prices.What are you talking about?
right
you only said you don't know how people survive on $100k
Posted on 2/10/20 at 10:59 am to Centinel
Who's complaining or saying they can't afford where they live?
Posted on 2/10/20 at 10:59 am to lsu777
quote:we’re talking about different things, but I completely agree with this
You are right but making 100k is not that hard as a family.
I was teasing you because I said you using your profession and area is a bit misleading, and you reply with citing wages for jobs in lake chuck
. Posted on 2/10/20 at 11:02 am to TH03
quote:absolutely no one
Who's complaining or saying they can't afford where they live?
Posted on 2/10/20 at 11:04 am to AUCE05
quote:
When you can fully find your 401k and then cover all Bill's which include house, etc.
Being able to shave $19,500 of your annual income into your 401k and still easily afford bills is upper-middle class unfortunately.
That is putting $1,625 a month from your paycheck into a form of savings you can't access until your retire, so it assumes you have even more leftover income for a traditional savings account.
That is not standard middle class IMO.
Posted on 2/10/20 at 11:06 am to jclem11
quote:
Sure but if you are investing via 401ks or IRAs that money is taxed as "ordinary income" when withdrawn.
that's b/c there are other tax benefits to those plans and due to this, they require planning. you shouldn't withdraw this money if you're paying more than capital gains rates.
Posted on 2/10/20 at 11:06 am to TheCaterpillar
Yeah I think we fall into the upper middle class range and I don't put 20k per year in my 401k
Posted on 2/10/20 at 11:07 am to mmmmmbeeer
quote:
There's a lot more shady shite going on than just capital gains.
not really. that's the argument.
The Buffet Rule
quote:
The Buffet Rule contends that the tax system is not fair because it puts a greater proportional tax burden on wages than it does on investment income. The middle-class shoulder this burden because their income primarily consists of wages subjected to income, payroll, and other federal taxes whereas upper-class income consists primarily of investment income taxed at preferential capital gains rates. It blames tax code bias for an unfair tax system that forces many middle-class workers to pay a larger proportion of their income in taxes than the wealthy do. The Buffet Rule seeks to remedy the bias by requiring millionaires to pay at least 30% of their post-charitable-contribution income in taxes.
Posted on 2/10/20 at 11:09 am to HarveyBanger
It definitely depends on size of family. Also depends on cost of living in your area.
For most of the southeast for a family of 4 I’d say
Poor- under 40k household income
Working class 40-55k
Middle 56k-120k
Upper middle 121k-250k
Wealthy 251k-1 million
Filthy rich over 1 million
For most of the southeast for a family of 4 I’d say
Poor- under 40k household income
Working class 40-55k
Middle 56k-120k
Upper middle 121k-250k
Wealthy 251k-1 million
Filthy rich over 1 million
Posted on 2/10/20 at 11:11 am to Salmon
quote:
we rarely compare ourselves to people that we perceive to have less than us
one really humbling thing about my job is that it doesn't allow me to do this
Posted on 2/10/20 at 11:12 am to GreatLakesTiger24
quote:
What do you consider middle class?
quote:
You are right but making 100k is not that hard as a family.
we’re talking about different things, but I completely agree with this
I was teasing you because I said you using your profession and area is a bit misleading, and you reply with citing wages for jobs in
lake chuck .
my bad, misunderstood. Thought you were saying just my profession was the abnormal thing. But in general it's like that all over. We paid our Chicago guys more/ LA guys way more, Houston more etc. NYC and LA guys were compensated for above market rates. Now as upper mid level management, no those guys in similar positions on those cities were not compensated enough to make up the cost of living difference. But that was my point to you.
For example, the new college grad thread that was started while ago. The guys nephew says he is moving to Chicago to take a 70k/year job as a mechanical engineer. That's good money, but he could get the same or more somewhere else that is less desirable and has a much lower cost of living.
If he got married and had kids and was only making 100k he would be stupid to stay there if his wife wasn't working.
I know you said it wasn't the norm, but in general people can make roughly the same or more in much cheaper locals if they were willing to move.
Posted on 2/10/20 at 11:17 am to fallguy_1978
quote:
Yeah I think we fall into the upper middle class range and I don't put 20k per year in my 401k
Exactly, who the hell maxes the 401k? I put 20k in but that's including my company putting in a shite ton as I have a 3 to 1 match on first 4%.
And if you making 100k why the hell are you putting more than the companies match into 401k instead of doing a Roth?
Again people are stupid and as SFP has pointed out....have zero and I mean zero understanding of financial matters. Not asking people to be a CFO level of understanding, but Jesus basic tax and financial understanding is a few clicks away.
Hell you can even download a full budget in Excel that you can customize to get ahold of your spending. It's amazing the tools that are at our fingertips and is not used.
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