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re: So how many trump haters here are going to go against their self interest on this tax bill
Posted on 9/25/17 at 8:19 pm to Shunface
Posted on 9/25/17 at 8:19 pm to Shunface
quote:
Being the 1% means your grandchildren don't have to worry about bills.
Please. The top 1% of earners are lucky if they can up and quit their job. I doubt the majority would pass the original meaning of middle class.
A lot more folks would be able to join that club if they didn't spend so damn much. Even top earners have to work month to month to meet their bills.
Assets, not income, determine class.
Posted on 9/25/17 at 8:22 pm to HempHead
Maybe I misread your original response to me. I read it as "wealthy" being the top 1%.
Edit: and I agree with what you're saying.
Edit: and I agree with what you're saying.
This post was edited on 9/25/17 at 8:23 pm
Posted on 9/25/17 at 8:23 pm to Ole Misdial
quote:
You can live like a fricking king at 100k.
You are a fricking idiot
Either that, or you seriously need to examine your life aspirations
Posted on 9/25/17 at 8:23 pm to Shunface
quote:
Maybe I misread your original response to me. I read it as "wealthy" being the top 1%.
Like I said, assets and passive income are much more important than earned income when it comes to determining class.
Posted on 9/25/17 at 8:24 pm to Taxing Authority
quote:
But I learned math. You’re rich.
Incorrect
I would love to be rich but quite simply i'm not even remotely close to rich. I don't own crazy things. I don't have a hottub. I don't have a pool. I have a small back yard. I drive an 05 Tundra that's paid off. Wife drives an 18K Kia that isn't paid off. That's not rich by any stretch. Just because you see income and assume Rich doesn't mean it's a reality. Rich would be those NFL guys everyone keeps talking about. Not someone making in the 100k area.
Posted on 9/25/17 at 8:28 pm to HempHead
quote:
Assets, not income, determine class.
Spot on
All of it
Highlighting this to emphasize that "class" means social standing and wealth demographic before some damn fool leftist expresses outrage about "you think you're better and classier than me because you have more stuff!"
Posted on 9/25/17 at 8:30 pm to Prettyboy Floyd
quote:Tell that to 90% of the population that is poorer than you.
Incorrect
If you got an “A” in class, would you say you were an “average” student?
Posted on 9/25/17 at 8:33 pm to Taxing Authority
quote:
If you got an “A” in class, would you say you were an “average” student?
I don't accept A's in my household.
quote:
Tell that to 90% of the population that is poorer than you.
Just means there is a huge wagegap between those that make a lot more than me and the rest of us peons. If your going to commit class warfare vs people in the 100k range and accuse them of being rich then I'm going to correct you on the facts. Just because I earn more than 90pct of people doesn't mean I'm rich. You might want to look up the definition of rich. According to wiki I'm actually in the 15pct range and Upper Middle Class
Upper middle class[1] (15%)
Highly-educated (often with graduate degrees) professionals & managers with household incomes varying from the high 5-figure range to commonly above $100,000.
Facts be damned.
Posted on 9/25/17 at 8:34 pm to HempHead
True. You also will not typically be able to build assets and gain passive income without first having a high earned income to gain and grow your assets.
Now, I currently fall into the lower upper class income bracket. At 30, I am currently on track to have over 6 million in my 401k by the time I retire. This does not include the wife's 401k and other investments we have. We have a chance to build what could potentially be a life changing amount of money for our kids (should we have them) when we pass but I'll never be in the top 1%.
Now, I currently fall into the lower upper class income bracket. At 30, I am currently on track to have over 6 million in my 401k by the time I retire. This does not include the wife's 401k and other investments we have. We have a chance to build what could potentially be a life changing amount of money for our kids (should we have them) when we pass but I'll never be in the top 1%.
Posted on 9/25/17 at 8:35 pm to Shunface
quote:
112-190k isn't middle class you fricking jamoke.
Nobody actually making $112k-$190k as an individual thinks they are middle class. That poster was just a minimum wage fry jockey frontin.
Posted on 9/25/17 at 8:37 pm to cameronml
quote:
How exactly are middle classes getting much of a tax break when income from $112,500 to $190,150 is going from a 28% tax rate to the highest bracket (33% or 35%)?
Do you even know how taxable income works, you pleb?
Posted on 9/25/17 at 8:37 pm to Shunface
quote:
Now, I currently fall into the lower upper class income bracket. At 30, I am currently on track to have over 6 million in my 401k by the time I retire. This does not include the wife's 401k and other investments we have. We have a chance to build what could potentially be a life changing amount of money for our kids (should we have them) when we pass but I'll never be in the top 1%.
Wish I had saved when I was younger. I could probably be nearing retirement around age 50. Instead I've only been putting money back for 3 years into a 401k. At age 37---It seems inevitable that I'll work till I'm 65 at a minimum. I hope I am wrong on that.
Posted on 9/25/17 at 8:42 pm to HempHead
quote:
Being middle class means you can stop working without worrying about bills
The term you are looking for is "financially independent" not middle class.
Middle class is people who are just above paycheck to paycheck. If they couldn't work for a month or two they would be fricked. They still have a small savings and retirement but are required to work to pay bills.
If you think middle class means you can retire at 30 then share your fricking secrets.
Posted on 9/25/17 at 8:44 pm to dcbl
quote:
You are a fricking idiot
Either that, or you seriously need to examine your life aspirations
You may not be able to live like a king at 100k, although I've done it (albeit single and 20 years ago). 100k is definitely not middle class by any means
This post was edited on 9/25/17 at 8:47 pm
Posted on 9/25/17 at 8:45 pm to HailHailtoMichigan!
I will wait to see what the plan is.
Posted on 9/25/17 at 8:46 pm to HailHailtoMichigan!
Looks like im getting a 3 percent cut
Posted on 9/25/17 at 8:52 pm to cameronml
quote:
exactly are middle classes getting much of a tax break when income from $112,500 to $190,150 is going from a 28% tax rate to the highest bracket (33% or 35%)?
Progressive tax. While the top portion of their income will go up to 33%, the bottom 2/3 will be taxed at the lower rates.
Overall, they'd pay less
Posted on 9/25/17 at 8:56 pm to Ole Misdial
quote:
I have family that make 33k/year and don't qualify for any government assistance other than some help with Medicare.
They aren't middle class.
They're poor.
Posted on 9/25/17 at 8:57 pm to HailHailtoMichigan!
quote:
If the reports are true, there will be cuts across the income spectrum, but most heavily for pass through businesses and middle class households
Will you let your hatred of trump result in less money in your pocket?
Best of both worlds. I get more money in my pocket and I can still hate Trump. Win-Win
Posted on 9/25/17 at 8:59 pm to Raylan70
quote:
The term you are looking for is "financially independent" not middle class.
Middle class is people who are just above paycheck to paycheck.
I'm just going by traditional definitions, not by income levels relative to everyone else.
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