The Breaking Romney Story

[Clip-Clop]

Originally Posted by Danzig

no? 250k isn't gates/buffett wealthy, but it's wealthy nonetheless. compare it to the average wage in this country, or the median if you wish. besides, they don't pay that higher amount on the whole 250k. i'd love to have that problem....working on it!

Let's say you work in NYC, lots of people do that make over 250K. This family of 4 cannot afford to live in NYC so the move to Westchester, Rockland or NJ and commute. They also pay State (NY, NJ or both if you live in NJ) and NY city taxes on top of the highest federal tax rate. It costs anywhere from $350-$700 (that cannot be written off anymore) per month to take public transport from an outlying area to get to NYC. What are you left with? Middle class on a good day.
Wealthy is a lot more than 250K per year. If you live in Oklahoma, it is probably wealthy.

[Danzig]

Originally Posted by Clip-Clop

Let's say you work in NYC, lots of people do that make over 250K. This family of 4 cannot afford to live in NYC so the move to Westchester, Rockland or NJ and commute. They also pay State (NY, NJ or both if you live in NJ) and NY city taxes on top of the highest federal tax rate. It costs anywhere from $350-$700 (that cannot be written off anymore) per month to take public transport from an outlying area to get to NYC. What are you left with? Middle class on a good day.
Wealthy is a lot more than 250K per year. If you live in Oklahoma, it is probably wealthy.

and, yet another reason why using a national average can be difficult. in most parts of the country, 250k would be considered well above middle class. where i live, that wage would be in the very top of the top 1% of the state. but then, a few years back, if you made over 60k a year, you were in the top 2% of wage earners in arkansas. obviously nyc is an extreme, which is why i said consider median income...and there are a lot of people trying to get by in nyc with a lot less than the money you referenced.



edit~~ just visited slate to see if there was anything new, and saw this:


http://www.slate.com/blogs/moneybox/..._bay_area.html


at 2k a week, that's 104k per year. so, if that's the average for new york, one could safely assume that is the middle, right? which means 250k is far above that. perhaps upper middle class? or maybe lower upper class! at any rate, far above average.

[Clip-Clop]

Originally Posted by Danzig

and, yet another reason why using a national average can be difficult. in most parts of the country, 250k would be considered well above middle class. where i live, that wage would be in the very top of the top 1% of the state. but then, a few years back, if you made over 60k a year, you were in the top 2% of wage earners in arkansas. obviously nyc is an extreme, which is why i said consider median income...and there are a lot of people trying to get by in nyc with a lot less than the money you referenced.



edit~~ just visited slate to see if there was anything new, and saw this:


http://www.slate.com/blogs/moneybox/..._bay_area.html


at 2k a week, that's 104k per year. so, if that's the average for new york, one could safely assume that is the middle, right? which means 250k is far above that. perhaps upper middle class? or maybe lower upper class! at any rate, far above average.

Even here, if you live in Denver 250K is not a lot of $, certainly below wealthy. That NYC average has to be brought way down by the preponderance of service industry employees in the city. When I worked in Manhattan I had friends that shared a 450sq/ft apartment for too much money, way uptown (uptown = bad) just to not have to cross any bridge/tunnel to get home.

[Danzig]

Originally Posted by Clip-Clop

Even here, if you live in Denver 250K is not a lot of $, certainly below wealthy. That NYC average has to be brought way down by the preponderance of service industry employees in the city. When I worked in Manhattan I had friends that shared a 450sq/ft apartment for too much money, way uptown (uptown = bad) just to not have to cross any bridge/tunnel to get home.

yeah, we lived near d.c. for years. glad to be away from all the people, traffic, and mostly, away from the expense. it's outrageous.

[Clip-Clop]

Originally Posted by Danzig

yeah, we lived near d.c. for years. glad to be away from all the people, traffic, and mostly, away from the expense. it's outrageous.

DC is the worst and my work has had me in NYC for a few years, I routinely travel to the Bay area and Atlanta.

I laugh very hard at people here that complain about traffic. Going 40MPH on an inbound highway during rush hour is not traffic I tell them, especially when it lasts for about 4 miles at that pace.

[pointman]

Originally Posted by Clip-Clop

Let's say you work in NYC, lots of people do that make over 250K. This family of 4 cannot afford to live in NYC so the move to Westchester, Rockland or NJ and commute. They also pay State (NY, NJ or both if you live in NJ) and NY city taxes on top of the highest federal tax rate. It costs anywhere from $350-$700 (that cannot be written off anymore) per month to take public transport from an outlying area to get to NYC. What are you left with? Middle class on a good day.
Wealthy is a lot more than 250K per year. If you live in Oklahoma, it is probably wealthy.

I live in Manhattan and $250K a year is far from wealthy. The dolts don't get this.

[alysheba4]

Originally Posted by pointman

I live in Manhattan and $250K a year is far from wealthy. The dolts don't get this.

......the greatest place in the world as long as you have a grip of cash.