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Reply to "What is Middle Class....Really?"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]My DH makes a base salary of 300k. Then he gets a bo us that typically falls somewhere in the 250-500k range. We try to live just on his base and save the rest it is really tough. I feel like it would be really hard to get ahead on just 300k.[/quote] :roll: Our HHI is around $200k. 14 years ago it was close to $100k. We have managed to fund our retirements, save and start paying for out of state college, go on a few nice trips, and live within the beltway sending our children to highly rated public schools. It isn't very hard or tight. [/quote] NP. Actually, thinking on this, the PP you're quoting probably pays over a third of their income just to federal taxes because of the size of the bonus. So if they're really trying to live on a third of 300k and are saving the rest, that's why it feels "hard" to them. They're actually living on less than you are. There is no way you are paying 33% in federal income taxes on 200k.[/quote]
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