Reply to Down and Out on $250K/year....

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Agree that no one on this thread who is making $250K describes themselves as 'down and out'- it's just that they don't necessarily have the 'disposible income' to easily pay even more than they do now in taxes.  We all have to make trade offs and choices.  It's not whining, it's just reality.  Yes, making $250K vs $150K gives you more choice, but it certainly doesn't eliminate many trade offs.  That doesn't happen until you get into much higher income brackets.  My family makes about $300K/year- we consider ourselves very fortunate and are happy to have the opportunities we do- definitely no complaints here.  It doesn't mean we don't struggle to pay for childcare and other expenses that are much higher in the DC area.  [/quote]

Struggling at 350K though? Really, you are struggling? To me that means you aren't doing something right. Maybe you bought too much house. [/quote]

Actually, it's just the opposite. We just have a different idea of how much savings are required for retirement and education costs.

PP, you must be one of the almost 50% of Americans who pay no federal income tax. Why don't you sit in an office for 60+ hours a week, start taking conference calls on major holidays, start oaying the AMT and then get back to me and tell me how much you can't wait to shell out more money in taxes. I have to laugh though because it's only a matter of time before the tax collector starts coming after the "rich" making 100,000+. Tell me, will you $100,000 earners delight in paying more taxes or would you rather see the government cut out wasteful spending? [/quote]

PP, I am so with you.  Can someone please define "absolutely necessary" to me?  Those people that are not saving for retirement on the income for the career path they chose bother me.  Those are the same people that actually expect to have social security to BE there retirement.  Social security IS NOT a retirement program.  It is there to make sure that people who have been down and out have something.  It is not a retirement fund for those who never dropped a dime into a 401K fund that they were eligible for so that they could keep up with the Joneses.  Your kids need clothes.  They don't need Lucky Brand jeans.  Your kids need food, they don't need it from Whole Foods.  One TV is more than enough.  The library is a good place to get books.  Not everyone needs an iPhone.

If you live for today and don't provide for your own future, including aspiring to work hard and get paid well, you get what you deserve.  I don't want to subsidize your flat screen because I am stuck paying the AMT because I have aspired to work hard and get paid well.[/quote]

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