Originally posted by Djayed
Originally posted by Wrabbit2000
Originally posted by Djayed
reply to post by gladtobehere
I wish I made $108,000 to pay an extra 14k on. This is the reason you have tax deductions to lower that amount. Stop complaining and be thankful for
what you got.
Most of the country make under 52k per household, so I wouldn't say making over 100k is middle class.
edit on 12/7/2012 by Djayed because: (no reason given)
edit on 12/7/2012 by Djayed because: (no reason given)
That rather depends on where you live. $100,000 in this part of Missouri would be living with true wealth. Lower end...but wealth just the same.
Living in New York City? I'd call $100,000 the Middle Class...maybe lower Middle. Same with Los Angeles Proper or even Obama's home town..
Chicago...if you're outside South Chicago and the ghettos.
Saying $100,000 makes someone rich shows only one thing....How far the person using that number has ever been from even knowing middle class. 
Well that is incorrect too, my spouse was making $75,000 a year before being laid off, and with my salary, we made well well over $100K. Now it has
been 4 years since then, our life style has completely changed and I would gladly accept the larger taxes to be making that amount.
Now, statistically speaking $100,000 is not Middle class! If you live in New York or California $100,000 is not rich, but it is not middle class.
Sorry people....go look up income statistics, poverty statistics. We have more family of 4's living in poverty than not...complaining about higher
taxes that should have never been implemented in the first place doesn't help..edit on 12/8/2012 by Djayed because: (no reason
given)
Okay, I'll figure you're being sincere in your arguments here. However, I'm not just pulling things out of thin air and making totally subjective
guesstimates to come up with my assessments of Middle Class status in different areas. For many, this map may be something new......but take a hard
look at it in context to a $100,000 a year income.
Cost of Living - Rent Costs in New York City
Now, when you are looking at $25,000 to $30,000 per year in JUST the basic cost to keep a rent contract? I.E... We're not into utilities and all the
other basic costs to just live yet..that is just the landlord check....I'd say $100,000 goes a whole lot faster than people would like to imagine it
does. As the map at the bottom of that page shows..unbelievably...NYC isn't even the highest. San Fransisco is worse.
So indeed, I would say the value and meaning of a $100,000 lump of cash is
very dependent on where one is living while holding it. If over 25%
of my income is gone for the roof alone? I'm feeling VERY middle class at that income level, personally.
