Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

General Discussion

dsc

(53,401 posts)

6. rents are pretty damn high in many parts of the country

Reply to kentuck (Reply #2)

Wed Dec 19, 2012, 12:11 PM

Dec 2012

and home prices even higher. Average 3 bedroom in nyc is 3865 a month or 46380 a year. Now that said, a couple making 285,000 a year, assuming a fairly even split of that income, would be better off seeing the payroll tax continue and clinton rates at 250k than under Obama's current proposal. If both wage earners make at least 110k, then the SS taxes they are currently saving amount to 4,400. Under the Clinton rates, they would pay an extra 1260 meaning they would be 3140 to the good. Even if all the income is made by one earner they still are better off under Obama's original plan by 940.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

14 replies

= new reply since forum marked as read

Highlight:

Congressman from New York says President has shown "remarkable compromise"... [View all] kentuck Dec 2012 OP

That's true. $250,000 a year makes you middle class in my county. Walk away Dec 2012 #1

What is the big difference in your county?? kentuck Dec 2012 #2

rents are pretty damn high in many parts of the country dsc Dec 2012 #6

Everything is more expensive here. I live in tiny a two bedroom cottage. Walk away Dec 2012 #11

A majority of Americans do not make anywhere near $250K. R. Daneel Olivaw Dec 2012 #3

That $250,000 is for a married couple so I guess your wife will sitll have to work. Walk away Dec 2012 #12

The majority of America lives on about 50K per year...or less. R. Daneel Olivaw Dec 2012 #13

No one said that it was hard to live on $250,000. Walk away Dec 2012 #14

In many, many, MANY other counties, 250k a year makes you nice-house-having rich. HughBeaumont Dec 2012 #10

I'm ok with that assuming the biggest takers pay even more to make up for it ... Scuba Dec 2012 #4

Yes, it's a great "compromise" when seniors have to make up the difference. forestpath Dec 2012 #5

If that was the biggest compromise I wouldn't care Johonny Dec 2012 #7

He will get a huge golden parachute when he is done arjazz Dec 2012 #8

That's over 20k a month. warrior1 Dec 2012 #9