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Author: FCorelli Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 59856  
Subject: Re: Couple can't make ends meet on $250,000/yr Date: 4/21/2009 11:30 PM
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Had to read to the end of the article for a better picture of their situation. After taxes, their income is $12,000 per month.

That's after taxes, 401k deductions,(money he gets to keep and lower his taxes)& premiums for medical care. (Married family guy with high end tastes. Think a doctor might find medical insurance something worth splurging on?)

His SS tax is about $16,000 assuming he pays employee & employer. Can't figure his actual income taxes but he's married and has dependents and some El Grande Deductions, so I'll bet when you turn him upside down and shake him his income taxes are embarrassingly low given the size of the article's whining. Just a hunch-a-roonie.

Does have a point? I say yes! 250,000 clams per isn't Mrs Drysdale/Thurston Howell III "Rich". Not even movie star rich. This just goes to underscore just how maldistributed the earnings and overall wealth really are. When you get into the Top 2% almost ALL of that money is crowed in the Top .1% Just like the rest of us, his gripe is not with The Po' Folk or even with the Gov for the most part. The problem is the Real Money Class.
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