Reply to 40% of people making 500K/year are living paycheck to paycheck

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Did you look at the chart?

It says only 16% making $200-$300 live that way and only 25% making $100-$200.

How about this…the people making $500k can live like those making $300k…and then they will saving like 50%.[/quote]

The most difficult spot to live is that 300k-500k spot, as those are not really rich, and you've lost all the subsidies and tax breaks from the government. [/quote]

Complete BS - you don't need tax breaks at this income level. You need to learn how to control your spending (we are in this level)![/quote]

Well, I'm kind of pissed we are missing out on the new SALT deduction limit. [/quote]

This also doesn't make sense - people right up to 500k get the most out of it (we did). We hit the 40k limit with local wage tax/property tax/state tax with 7k to spare (yes 47k of SALT applicable taxes) on under 500k income. So you're saying you're mad your just above 500k? sorry - it saved 5-8k at most. That's not a difference of living paycheck to paycheck. [/quote]

Also it was 10k just last year, so again whining about not getting the absolute benefit out of a tax code change is pretty much the most tone deaf statement you could make since it just changed. [/quote]

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