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A comment on Despite rising wages, 61% of Americans are still living paycheck to paycheck. Parent comment

Re:Despite rising wages, 61% of Americans are still living p... by MomoXenosaga on Thursday February 17, 2022 @02:36PM (#30377619)
There are those people who win the lottery and spend it all on expensive women and cars. Or football players who end up broke.

I have very little empathy for people making 6 figures though.

[ Parent | on HN ]
Re:Despite rising wages, 61% of Americans are still living p... by JAlexoid on Thursday February 17, 2022 @03:04PM (#30377948)
US government often doesn't recognize your family member as a dependent, so you get taxed a lot and you still get to support your family members that completely depend on you. So your FAANG $200k salary in CA will yield $120k in cashflow(no 401K or medical), and if you have two parents to support - you're screwed by the government and your real income is shared between 3 people.

I mean.... I literally cannot get my mother to be my dependent, even though I fully financially support her.

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