4069, Still more than 95.8% of the Population........ Posted by M2, Thu Sep-11-03 05:36 PM
.........as only 4.2% of the population either make on their own, or have a household income of 100k or more.
As for taxes -
http://taxes.yahoo.com/rates.html
If you're married filing jointly, you're enjoying a 100k income and paying 27% on it, while a single person with that income pays 30%. The same rate that married people only making 48k or single people making 68k are paying...
So it's still a lot, especially if you manage it right.
If you rake that in for 15-25 years, only have two kids, manage your money/invest wisely - you stand a VERY good chance of retiring a millionaire, or at least close to it.
So I don't feel "sorry" for people in that income bracket
Peace,
M2
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