Acting like people who make $100K pay a far less percentage of their income to taxes than somebody who makes $200K isn’t that accurate.
Hi Jordan, I think you misunderstood me a little. People here in Southern California pay a lot of taxes regardless of how much money they make. If you go back to my original post, I was just pointing out that there are only a few groups of people with access to a $100K down payment, and high earners are one of those groups. I totally agree that their share of taxes isn’t disproportionately high with respect to those making less, I was just trying to point out that our high taxes make saving difficult for many people, including what I would consider high income individuals. I probably could have been clearer. Combined with the high propensity for consumption here in Southern California, many of these people will have a hard time saving that much money.
