Anonymous
11/18/2012 20:14
Subject: How much do you make and spend?
Anonymous wrote:Anonymous wrote:Income $90K
Income Taxes $30K
There is no way you're paying income taxes of $30,000 on gross income of $90,000 and mortgage interest of $14,000.
Assuming you itemize (and I do since you have mortgage interest), you'd probably have taxable income around $70,000 or so, which is in the 15% tax bracket for joint filers. If your taxable income was $70,000, your total federal income tax bill would be about $9,630.
How are you getting to $30,000? Even if you count FICA (which is not an income tax), that would be another $5,100 or so. Your state income tax is not going to total $16,000.
Explain, please.
Look at the details..this is 90K per month! The PP says $600 on groceries...so must be monthly.
Anonymous
11/18/2012 20:13
Subject: How much do you make and spend?
I think that 90k poster meant 90k per MONTH.
Anonymous
11/18/2012 19:48
Subject: Re:How much do you make and spend?
Income: $3400
Rent $1500
Parking $300
Day care $800
Food/gas: $600
Cable/phone:$100
Not much left over as you see
Rent $1500
Parking $300
Day care $800
Food/gas: $600
Cable/phone:$100
Not much left over as you see
Anonymous
11/18/2012 19:48
Subject: How much do you make and spend?
Anonymous wrote:Income $90K
Income Taxes $30K
There is no way you're paying income taxes of $30,000 on gross income of $90,000 and mortgage interest of $14,000.
Assuming you itemize (and I do since you have mortgage interest), you'd probably have taxable income around $70,000 or so, which is in the 15% tax bracket for joint filers. If your taxable income was $70,000, your total federal income tax bill would be about $9,630.
How are you getting to $30,000? Even if you count FICA (which is not an income tax), that would be another $5,100 or so. Your state income tax is not going to total $16,000.
Explain, please.
Anonymous
11/18/2012 19:40
Subject: How much do you make and spend?
Monthly income (after taxes and insurance): 3340
Rent, utilities: 1200
Credit Card Bill (includes food, gas, everything): 800 almost every single month
Remainder goes into savings/retirement
Rent, utilities: 1200
Credit Card Bill (includes food, gas, everything): 800 almost every single month
Remainder goes into savings/retirement
Anonymous
11/18/2012 19:33
Subject: How much do you make and spend?
Anonymous wrote:Income $90K
Income Taxes $30K
Mortgages $14K
Automatic transfers to investment accounts: 6K
Live in Nanny: $3.5K
Retirement plan contributions: $3K
Eating Out: $2K
Charity: $1K
Insurance: $1K
Housekeeper $1K
Utilities: $1K
Groceries: 600
Vacations: $500 (we own a vacation home and kids are young, so we don't travel much)
Entertainment/ gifts: $500
the balance is discretionary and by way of example was spent predominantly in:
1) taxes (we did a very large Roth rollover)
2) savings
3) investments
4) charity
5) debt repayment
What do you do?
Anonymous
11/18/2012 19:30
Subject: How much do you make and spend?
Anonymous wrote:Anonymous wrote:
Live in Nanny: $3.5K
I look forward to seeing your nanny's spending break-out to find out how she survives.
I think that was their monthly budget, so the nanny would be making 40K+ yearly.
Anonymous
11/18/2012 19:30
Subject: How much do you make and spend?
Anonymous wrote:Anonymous wrote:
Live in Nanny: $3.5K
I look forward to seeing your nanny's spending break-out to find out how she survives.
I'm not the one you quoted but if she doesn't pay for a place to live she is probably doing ok. I bring about 3,600 (after taxes) and have to pay for daycare and rent.
Anonymous
11/18/2012 19:28
Subject: How much do you make and spend?
Anonymous wrote:
Live in Nanny: $3.5K
I look forward to seeing your nanny's spending break-out to find out how she survives.
Anonymous
11/18/2012 12:16
Subject: How much do you make and spend?
Why don't you go first?
Anonymous
11/18/2012 12:05
Subject: How much do you make and spend?
Income $90K
Income Taxes $30K
Mortgages $14K
Automatic transfers to investment accounts: 6K
Live in Nanny: $3.5K
Retirement plan contributions: $3K
Eating Out: $2K
Charity: $1K
Insurance: $1K
Housekeeper $1K
Utilities: $1K
Groceries: 600
Vacations: $500 (we own a vacation home and kids are young, so we don't travel much)
Entertainment/ gifts: $500
the balance is discretionary and by way of example was spent predominantly in:
1) taxes (we did a very large Roth rollover)
2) savings
3) investments
4) charity
5) debt repayment
Income Taxes $30K
Mortgages $14K
Automatic transfers to investment accounts: 6K
Live in Nanny: $3.5K
Retirement plan contributions: $3K
Eating Out: $2K
Charity: $1K
Insurance: $1K
Housekeeper $1K
Utilities: $1K
Groceries: 600
Vacations: $500 (we own a vacation home and kids are young, so we don't travel much)
Entertainment/ gifts: $500
the balance is discretionary and by way of example was spent predominantly in:
1) taxes (we did a very large Roth rollover)
2) savings
3) investments
4) charity
5) debt repayment
Anonymous
11/18/2012 07:53
Subject: How much do you make and spend?
Been posted many times.
Anonymous
11/18/2012 01:33
Subject: How much do you make and spend?
We make 300,000 and we're happy spending every damn penny. Gotta live life while you're here.
Anonymous
11/18/2012 01:21
Subject: How much do you make and spend?
Why don't you give your info first?
Anonymous
11/18/2012 01:01
Subject: How much do you make and spend?
I just want to get a feel at what the rest f the world is doing with their money. How much do you make and spend a month? What do you spend it on?
Example: monthly income $X
Savings X
Mortage X
School for kids X
Extracurricular activities X
Groceries X
Etc
Etc
Example: monthly income $X
Savings X
Mortage X
School for kids X
Extracurricular activities X
Groceries X
Etc
Etc