2 Dec 2017 3:52 pm
Median US income is $57,000 a year, Dim.Dantev2 » 02 Dec 2017 2:46 pm » wrote:$100K isn't "middle class?" ROFL. 2 teachers each working for $50K a year is $100K.Termin8tor » 23 Oct 2017 12:16 pm » wrote:Anyone who can afford to put away $18,000/year almost certainly isn't middle class, liar.
**** idiot.
$100K Gross Income
~40% goes to taxes (federal/local/state, assuming they live in a "high tax" blue state and using the highest tax estimates) = $60K remaining
Family of 3 with expenses ~$35K (assuming family doesn't live in SF/Seattle/NY and budgets properly): $25K remaining AFTER taxes + expenses. I didn't even include employer contributions.
So how is it they cannot contribute $18K a year to a retirement account?
And you have the gall to accuse of people of failing to understand "basic economics..." when you cannot even understand "basic math"
$100,000 puts them in the top 5% or so. Is that what you call middle class, Dim?
If so, you don't understand very, very basic math.
Yes, depending where they live it might not go as far.