Re:It’s possible to pay $150 in taxes on an income of $150K
by ksherlock on Sunday June 13, 2021 @04:41PM
(#27496236)
When you subtract all the retirement savings, they're doing it on half that ($73,000).
Re:It’s possible to pay $150 in taxes on an income of $150K
by masklinn on Monday June 14, 2021 @01:13AM
(#27499497)
Having the money to invest and deciding to do so does not mean you don’t have the money.
A family on the median household income would have negative net income with that level of investment.
Re:It’s possible to pay $150 in taxes on an income of $150K
by pembrook on Monday June 14, 2021 @06:33AM
(#27501067)
Yes, and an awful lot of families in Africa and Southeast Asia are doing this on 1/150th that amount. With more kids. Your point?
The existence of more extreme poverty doesn’t change the fact that 150k/yr is not a ton of money to support a family of 5 in most American metro areas.
Re:It’s possible to pay $150 in taxes on an income of $150K
by tudorw on Sunday June 13, 2021 @04:44PM
(#27496261)
About 46% of US families apparently, https://www.statista.com/statistics/183807/number-of-househo...
Re:It’s possible to pay $150 in taxes on an income of $150K
by Booktrope on Sunday June 13, 2021 @05:04PM
(#27496467)
Small point, but the average household size in the US is 2.5, on half of the 5 people in this household, so you really can't compare their family income to family income statistics for much smaller families.https://www.statista.com/statistics/183648/average-size-of-h...
An awful lot of families are doing this on 1/3 of that amount.