First off, you forgot taxes

[waiting for bottom]

First off, you forgot taxes and payroll deductions – We bring home about 63% of gross so that turns 225K into $145K.

Rent – 3000*12=36,000
Daycare 2000*12=24,000
Cars 700*12 = 8,400 (includes insurance)
Gas 400*12 = 4,800
Groceries 1100*12= 13,200
Utilities 450*12= 5,400
Children 400*12 = 4,800 (Diapers, clothes, bottles, etc.)
Student Loans 800*12 = 9,600
Houshold Misc 250*12 – 3,000 (Gym, Haircut, Dry clean, etc)
IRA’s 833*12= 10,000
529 Plan 250*12= 3,000
Downpayment savings 1800*12 = 21,600

The house I rent would cost $700K to buy. To save up 20% at my rate, it would take 6.5 years. Then my rent/mortgage payment would go up and consume the current savings level.

We are comfortable, not rich. We have no family assets to inherit and have worked for everything we have. That’s a lot different than getting things handed to you by a rich family.

Why should my hard work get taken away by Obama?