Reply to Does it upset you how much money people spend on weddings?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Yes and no.

I try to balance thinking how much 100k in a donation directly to children starving in Afghanistan/Yemen/Syria/etc. and the impact it would have compared to the impact of 100k providing jobs and supporting an industry.

IMO there is a middle ground and I would love to see couples who have this amount of money ask for cash gifts or give those cash gifts to a charity of their choice.. I assume most of the people who can spend 100k on a wedding are hiding their money or their parents have to avoid paying "too much" in taxes. I also assume they dont need 25k in cash gifts if they can afford a 100k wedding. That goes into my calculation as well.

Its self-serving and indulgent but if thats who they are then thats who they are. [/quote]

My DD had a $90k wedding and I can assure you we do not "hide" any money from taxes. Spending money on a wedding has nothing to do with taxes in any event. What a weird assumption. We also already donate to charities - these are not mutually exclusive.

My wedding was pretty basic and in retrospect I wish we had spent a little more. Generally the more expensive weddings are more fun and have better food. [/quote]

Except that someone who can afford a 100k wedding without taking on debt is absolutely in a higher income and the higher the income the more loopholes there are and the less likely it is that their income is derived exclusively from wages. Just because the tax code is built for your wealth doesnt mean you arent "hiding it". Thats the whole point of it.

"Typically, the more someone earns, the greater percentage of capital income and less labor compensation they receive every year, the Tax Policy Center has found. The tax laws are not built for wages they are built to protect capital income. [/quote]

Okay whatever you want to think is up to you.

Sorry but plenty of ppl can pay $100k debt-free from a W-2 standard income job. This isn't like Bezos style wealth or something...[/quote]

That type of disposable cash in addition to college savings, retirement, general savings, etc. puts you in the 5%. Stop acting like its a middle class thing. Its not. [/quote]

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