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Political Discussion
Reply to "I have a problem with the definition of Rich"
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[quote=Anonymous][quote=Anonymous]I guess since we make about $20333/month HHI. I would expect to bring home more than $11000/month. [/quote] We make $160K gross per year and net 70% of that (a little under $10K/month) after paying taxes and deductions for 401K, flexible spending, and healthcare premiums. You're saying you gross $90K more than my family and yet you only bring home $1K more each month? How is this possible? Your marginal rate is at the most 5% higher than mine and we probably have similar deductions for dependents and mortgage interest. Are you maxing out your 401K's and flexible spending? That is a blessing - you should realize this. Many people will never be able to do that and have no idea if they can ever retire. And many Americans worry about paying for health care and have no money left over to put in a tax-free spending account. [/quote]
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