Reply to lifestyle for $500K HHI

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Here You can live a traditional middle class lifestyle in a good area for about  350. The biggest bills are housing and childcare.[/quote]

I don't want to get baited into this, but, wth are you talking about?  I love the "middle class lifestyle" argument.  At 500k, your are clearing, wait for it, about $25k per month after fed and state taxes/self employment tax/AMT etc.  Donna Reed didn't have a $5k month blow habit.  The Beaver's mom didn't spend 3 weeks in Africa at an point in her life (even flying coach).  This ain't middle class.  Middle class is spending a week in a crappy house, that isn't on the beach, in Ocean City.   No flying. No cleaning service.  No weekend getaways or Acuras.  You're all nuts.[/quote]

Bullshit. We make $430,000 gross; we clear $16,400 a month after 401(k) (including catchup contributions for one of us); health; life; disability insurance; union dues; etc.[/quote]

Yeah, not so fast.  So I said $25k after *taxes* (everything in my list).  The money you use to fund your 401k, insurance, etc is stuff you're choosing to spend your money on (otherwise it would be like saying "I clear nothing each month after mortgage, retirement, savings, bills, cars, and school").  If you clear $16,400 after you've paid for retirement and insurances of all kinds, you aren't middle class. That's demented.

I make just over $400k and our net after tax (but before the stuff you list) works out to be almost exactly $21k per month when computed over the year.[/quote]

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