Quote:
Originally Posted by Nanners52674
If a family were to make JUST $250,000 and have their taxes raised (throwing out a hypothetical percentage) that meant 20% (or $50,000) of their yearly income would be given to the government. It would still leave that family with $200,000 a year to live on. That can be broken down to roughly $16,600 a month or $33,000 per member (family of 6) yearly.
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No, not really. I see far more than 20% of my paycheck deducted each month, and I don't make 250K. If you do make that much, it's more like 33%...so, that ends up being about $13K a month. For 6 people (4 kids!), that's not that much. Also, don't forget:
-insurance premiums/deductions
-pre-tax deductions for retirement
-state/local taxes
-Social Security
-any other pre-tax deductions (for example, I get one for public transportation)
Also, you have to factor in regional costs of living. What's "comfortable" in Michigan is "middle class" in NYC/SF, and "honking wealthy" in Mississippi.
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