Reply to 200k HHI is just getting by Six-Figure Salary No Longer Means You're Rich 5k leftover see this chart

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Reply to "200k HHI is just getting by Six-Figure Salary No Longer Means You're Rich 5k leftover see this chart"

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are becoming a country of a few "haves" and many "have nots". The middle class is disappearing rapidly and the standard of living is declining. My children will probably face a harder time achieving financial security.[/quote]

Our standard of living is declining because our taxes are increasing, and we only make $160K a year.  Just a thought.[/quote]

A bad thought.

[i]During WWI, the top rate hovered around 73 percent, and in 1944 and 1945, the top rate peaked at 94 percent.
From 1950 to 1963, the top rate stuck at 91 or 92 percent.
From 1964 through 1981, the top rate fluctuated between 75 and 69 percent.
Even under Ronald Reagan, a famously anti-tax president, the top rate remained 50 percent until the final two years of his presidency, when it dipped to 28 percent, the lowest top marginal rate since the 1920s.
The 2014 top rate is 39.6 percent, up from 2012's 35 percent, the lowest in the past 82 years, except for 1988 through 1992 [source: Tax Foundation].
[/i]

So no, taxes aren't the problem. Expectations warped hopelessly out of shape thanks to Robin Leach and reality tv have led us to believe our standard of living is declining. But it's not. People really need to get a grip.
[/quote]

And in case I misread you--that YOUR PERSONAL standard of living is declining as your income, and therefore your taxes, climbs, please, get a double grip. If that is the case, please. Quit your job and get one that pays a lower tax rate. Oh wait, you would still  be coming ahead at 160K? Shocking, I tell you. Shocking.[/quote]
+1
Would you rather earn 500k and pay 50% in taxes or earn 50k and pay 0% in taxes?  The answer is obvious yet people who make more and pay more in taxes still always cry a river of pity.[/quote]

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