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Old 10-10-2008, 06:52 AM
RaggedyAnn RaggedyAnn is offline
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Quote:
Originally Posted by Nanners52674 View Post
Obama: "no family making less than $250,000 will see their taxes increase." (From his website)

Based on the above policy of Obama's and your own declaration of being wealthy according to Obama, (correct me if im wrong) it would mean that you and your husband make MORE THAN $250,000 yearly.

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.

Given those rough numbers I have trouble understanding how a family that makes a MINIMUM of $250,000 a year (before taxes) would have trouble living comfortably????

If anyone can explain to how one would struggle to live a comfortable life on a $16,000 a month income, I would greatly appreciate the explanation.
This is really a deep question with a lot of things to consider. $16,000 a month would go a lot further say in West Virginia than in New Jersey or New York. You really can't make it a blanket statement. You have to look at cost of living in each area. We're not comparing apples and apples.
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Old 10-10-2008, 08:17 AM
preciousjeni preciousjeni is offline
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Quote:
Originally Posted by RaggedyAnn View Post
This is really a deep question with a lot of things to consider. $16,000 a month would go a lot further say in West Virginia than in New Jersey or New York. You really can't make it a blanket statement. You have to look at cost of living in each area. We're not comparing apples and apples.
I have a coworker than lives on $3500 (gross) per month in Rockland County, NY (where the median cost of a house is $499,000). My family doesn't have much more than that. I don't buy it.
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