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A comment on We are publishing the tax secrets of the .001%. Parent comment

Re:We are publishing the tax secrets of the .001% by ryandrake on Wednesday June 09, 2021 @02:16PM (#27451213)
Sure, but a 1M mortgage is about 50K a year at today's rates. Let's say 30K for home upkeep, 10K to keep a car on the road, 10K for utilities, 20K for food and dining.

So 500K after tax - 90K private school for two kids - 50K mortgage payment - 30K - 10K - 10K - 20K = 290K in totally disposable post-tax income. Still not even remotely close to middle class.

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Re:We are publishing the tax secrets of the .001% by rllearneratwork on Wednesday June 09, 2021 @06:33PM (#27454164)
sure 1M is OK in SF Bay area (you need to plan for retirement too). But even based on your calculations suddenly 500K is not enough to allow a middle class lifestyle.
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