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Reply to "I have a problem with the definition of Rich"
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[quote=Anonymous]I am the federal worker you are talking about. I did not lament anything. I am confused as to why somebody making 90k less than me only brings home 12k less than me. I know I have a retirement that will pay me $30k a year upon retirement. I get a raise every 3 years, in ten years I will only get COLAs. 1/2 of my child care deductions end this yr because my son is 13 and I guess it's okay for a 13 yo to stay home for 10 weeks without supervision. I did not say I am upset about any tax increase - it is just confusing why I have such a low take home pay compared to what somebody making $160k brings home. I thinks it is good to understand instead of just paying the government $$$ and have no clue why. I would gladly work part time and have my husband quit his 2nd job if we would have the same take home pay. [quote=Anonymous][quote=Anonymous]can i just say, there is a difference between making 200K and being able to spend freely, and then making 600K and not being able to. Let me explain. Our family, makes 200K, we are a black, Silver Spring, MD family. Our DD goes to private school. We live in a 1600 sq SFH, and we both have a car that is paid off. So you see, we live within our means. yes things can be tight at times, but we don't try to live as if we earn 1M HHI. We dont. We are realistic when it comes to out finances, and we are therefore able to live comfortably. We have friends who live in Potomac in a 5000 sq house each with an expensive car, but they dont have 2 thin dimes to rub together because they do not live within their means. So.. the reason that you may not "feel rich" is because 1. you aren't. and 2. you may not (and I dont know you and your finances so I cant judge) be living within what you can afford. [/quote] I agree. People are always trying to keep up with their neighbors by spending beer money on champagne. The federal GS14 poster lamenting about her six figure salary when she is maxing out her retirement and child care deductions. She failed to add that $5000 deduction back into her salary tax free. In addition to her maxed out 457 TSP, she is guaranteed a defined benefit upon retirement. She is guaranteed a monetary step increase almost every year, with or without a COLA. No, you are not rich. Romney is rich, but you are financially well-off income wise. Most Americans would trade your woe as me salary and benefits in heart beat and gladly pay the extra $200 proposed tax increase. bTW, you won't get hit with the increase due to your AGI. [/quote][/quote]
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