As it relates to me, imagine if both my GF and I had school loans for both our undergrad and graduate degrees. That would easily total $300,000 to $400,000. The payment on those school loans alone would tap a significant portion of take home. Add in housing costs, insurance costs for the family, schooling etc. etc. etc. Sorry but in San Diego $250k is not a definition of rich. Yes we are successful, yes we don’t have to worry how to pay our bills.
Well that $400K on school loans was a f***ing waste of money because you don’t even understand basic arithmetic. If combined you are bringing in $250K then each of you are making LESS than $250K. As long as you file separately you won’t pay a penny more under Obama’s tax plan. And what’s more, the $250K is TAXABLE INCOME. That is after your deductions for mortgage interest, 401K contributions, etc… If you have $250K in TAXABLE INCOME you are doing allright. If you go from $250K to $300K you will pay an additional 3% (from 36% to 39%) on that $50K which works out to $1500 per year. BOO F***ING HOO.
God almighty please have mercy on us. This place is doomed.
