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Reply to "Upper middle class (not adjusted for COL) ends at 350K HHI nationally, DC is 476K-525K "
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[quote=Anonymous][quote=Anonymous]In 2014 for us (which, as they say on the news, is the last year for which figures are available), my DW and I made 902K combined. Our Fed tax bill was 277K - or 30% of our income. Our state and property taxes amounted to another 70K. Another 35K in Medicare and FICA taxes. All told, 42%+ of every dollar we made went to the government. It's hard to feel rich when you lose so much to taxes. [/quote] So after you paid all your taxes your left with almost 525k (43k per month) to spend however you like and you still don't feel rich? Vast majority of households live on less than you have to spend in one month.[/quote]
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