Reply to How much of your income are you able to save?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I make 90k and save $18k per year in my 401k, plus $6500 per year in savings, at least $2400 in college savings for the kids, $10k in Roth IRAs and at least $1500 in extra mortgage payments.  That adds up to more than $38k which is more than 40 percent of gross.

If I can do that with 2 kids and only one of us working and a sub $100k salary those of you with HHIs in the hundreds of thousands and less than 20 percent are doing something wrong.[/quote]

[b]We pay a much bigger percentage of our incomes in taxes than you[/b] do and can shelter and get less breaks than you do.  Maybe I should judge you for not earning as much as I do?[/quote]

<facepalm>  This might (MIGHT!) be true if you only include income taxes.  But that would be idiotic.  Counting all of the other taxes, the first PP's tax burden is significantly higher than yours.

[/quote]

No way. Federal income tax, state income tax, FICA, property, sales, what else am I missing?  I am willing to beg a very large sum of money that we pay a greater percentage. [/quote]

Sales taxes.[/quote]

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