Letter to Feinstein

[Arty]

I wonder what you expect out of life where that much money isn’t rich to you?

Like I told our senator, I will gladly open my books to anyone who wants to see. After $3K rent, utilities, two card payments (Altima & Minvan – no luxury), student loans, daycare, groceries, insurance, retirement and college savings – I have nothing left over.

Tax me more and I just save less for retirement and for my kids college. Just what we need in this country – less savings.

I would love to see how this add up to 200k or 250k.

Rent (or mortgage) 3000*12 = 36,000

Edited: My mistake assume you currently paying 35% tax. You are at 158,900. Although, I think you are only paying 28%.

[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?

[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?

[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?

[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?

[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?

[Eugene]

Even in San Diego, 250K family income easily puts you in the top 5% wealthiest families. To me anything in top 20% is “rich”. In San Diego you need around 130K pre-tax to get in top 20%.

[Eugene]

Even in San Diego, 250K family income easily puts you in the top 5% wealthiest families. To me anything in top 20% is “rich”. In San Diego you need around 130K pre-tax to get in top 20%.

[Eugene]

Even in San Diego, 250K family income easily puts you in the top 5% wealthiest families. To me anything in top 20% is “rich”. In San Diego you need around 130K pre-tax to get in top 20%.

[Eugene]

Even in San Diego, 250K family income easily puts you in the top 5% wealthiest families. To me anything in top 20% is “rich”. In San Diego you need around 130K pre-tax to get in top 20%.

[Eugene]

Even in San Diego, 250K family income easily puts you in the top 5% wealthiest families. To me anything in top 20% is “rich”. In San Diego you need around 130K pre-tax to get in top 20%.

[Coronita]

Anytime folks want to talk about a flat tax rate for everyone at 25%, I'll be happy with that. People that make more and still end up paying more taxes on an absolute basis. When you're taxed at 40-50% just because you have the capability to earn in that bracket, seems to punish those with those capacities. And like some people say, 250k-$300k households are very feasible with a dual income parents working in a "middle class" job. Like I said before, kiss your cap gain tax breaks away.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Anytime folks want to talk about a flat tax rate for everyone at 25%, I'll be happy with that. People that make more and still end up paying more taxes on an absolute basis. When you're taxed at 40-50% just because you have the capability to earn in that bracket, seems to punish those with those capacities. And like some people say, 250k-$300k households are very feasible with a dual income parents working in a "middle class" job. Like I said before, kiss your cap gain tax breaks away.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Anytime folks want to talk about a flat tax rate for everyone at 25%, I'll be happy with that. People that make more and still end up paying more taxes on an absolute basis. When you're taxed at 40-50% just because you have the capability to earn in that bracket, seems to punish those with those capacities. And like some people say, 250k-$300k households are very feasible with a dual income parents working in a "middle class" job. Like I said before, kiss your cap gain tax breaks away.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Coronita]

Anytime folks want to talk about a flat tax rate for everyone at 25%, I'll be happy with that. People that make more and still end up paying more taxes on an absolute basis. When you're taxed at 40-50% just because you have the capability to earn in that bracket, seems to punish those with those capacities. And like some people say, 250k-$300k households are very feasible with a dual income parents working in a "middle class" job. Like I said before, kiss your cap gain tax breaks away.

 

[img_assist|nid=5962|title=selfportrait|desc=|link=node|align=left|width=100|height=80]

—– Sour grapes for everyone!

[Author]

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