Author Topic: 200k a year isn't rich! (Read 6718 times)

MrAngryFace · « **on:** June 10, 2008, 03:06:45 PM »

http://www.huffingtonpost.com/2008/06/10/cnbcs-bartiromo-misleads_n_106256.html

Quote

Still, on matters of tax policy, you'd sort of like the anointed experts to have their facts right, and not indulge in misleading characterizations of the impact of that policy. Unfortunately, Bartiromo can't resist getting a little hysterical:

The income tax is also in for a bump. Bartiromo says, "Right now [it] is 35 percent, Obama wants to take that to 39 percent . . . We're talking about people who make over $200,000. That's not rich. So it's actually going to impact more people than you may think."

Bartiromo's suggestion that $200K per annum income is "not rich," and that an increased tax on those who earn that much represents some sort of widespread impact on mainstream earners is flatly false. The facts are these: in 2005, the national median income was a mere $44,389. And, according to the 2006 U.S. Census data on household income, households earning $200K or more represent a slim 3.5% of all households. That means that over 95% of all American households would likely prefer to have the problem Obama would impose on the nations' elite earners.

Thats depressing. Is it even possible to be rich anymore!

Mupepe · « **Reply #1 on:** June 10, 2008, 03:09:20 PM »

200k a year is nothing. i piss that every year on video games

Brehvolution · « **Reply #2 on:** June 10, 2008, 03:14:33 PM »

It's a heck of a lot more than I'm making now. So I'd take it.

MrAngryFace · « **Reply #3 on:** June 10, 2008, 03:21:34 PM »

200k is nothing!? Whats wrong with you people. I dont even make half that and I live incredibly well.

Mupepe · « **Reply #4 on:** June 10, 2008, 03:22:42 PM »

eh, 200k isn't much more than what i paid for my car

Howard Alan Treesong · « **Reply #5 on:** June 10, 2008, 03:23:59 PM »

$200k is really good ... I'd argue it's rich, though in CA, it's definitely low-end rich.

I think it's certainly "you don't have a right to complain about taxes" level rich.

Mupepe · « **Reply #6 on:** June 10, 2008, 03:25:02 PM »

Quote from: Genghis Cohen on June 10, 2008, 03:23:48 PM

You don't have kids and a mortgage MAF.

He's just not saving enough or something

Mupepe · « **Reply #7 on:** June 10, 2008, 03:27:20 PM »

Are you crazy? Easy? Do you have any idea how much private schooling and jetskis cost?

Howard Alan Treesong · « **Reply #8 on:** June 10, 2008, 03:27:35 PM »

the problem is people, even rich people, are like

hur durr credit car mercedes benz european vacation WHAT DO YOU MEAN I'M $500k IN DEBT

smh @ americans

patrickula · « **Reply #9 on:** June 10, 2008, 03:30:58 PM »

More than 150k is the border of legitimately rich in my opinion, but it's not like I SHIT MONEY rich. You can live comfortably on a third that, though where you live definitely makes a big difference, as do kids, a mortgage etc (though you get yourself into that shit).

patrickula · « **Reply #10 on:** June 10, 2008, 03:34:53 PM »

Quote from: Genghis Cohen on June 10, 2008, 03:32:37 PM

150k won't get you a decent house where I live. Maybe a condo.

I guess if you determine richness by ability to afford a decent house, then yeah, the limit can get quite a bit higher depending on where you live.

Townhouses around here cost a million bucks, it's crazy and it sucks. We need more categories. Rich, Rich++, Rich Alpha MAX Ultra?

I feel like the middle class has been priced out of affordable home ownership in places where they might actually want to live. It's no surprise the housing market keeled over after the huge price inflation.

APF · « **Reply #11 on:** June 10, 2008, 03:35:47 PM »

Not "rich" for NYC.

Eric P · « **Reply #12 on:** June 10, 2008, 03:40:38 PM »

that's not even middle class in the dc area

Crushed · « **Reply #13 on:** June 10, 2008, 03:41:06 PM »

i am made of dur butter
and you are worth 200k monies

MrAngryFace · « **Reply #14 on:** June 10, 2008, 03:42:49 PM »

well then I must be poor!

Kids and a mortgage are a CHOICE

patrickula · « **Reply #15 on:** June 10, 2008, 03:43:48 PM »

I guess I'm gonna have to reconfigure my class definitions. Is middle class the ability to own a decent home in a good area? If so, I guess Eric P is right and I am lower class scum as long as I stay in Arlington :'(

Though what does that make the people who make half what I do and still get by?

MrAngryFace · « **Reply #16 on:** June 10, 2008, 03:44:46 PM »

im a poor person at my pay, thats shocking.

I have to side with patel here.

Eric P · « **Reply #17 on:** June 10, 2008, 03:48:58 PM »

Quote from: patrickula on June 10, 2008, 03:43:48 PM

I guess I'm gonna have to reconfigure my class definitions. Is middle class the ability to own a decent home in a good area? If so, I guess Eric P is right and I am lower class scum as long as I stay in Arlington :'(

Though what does that make the people who make half what I do and still get by?

i think the term is the working poor.

and hey, arlington. could be worse

could be fairfax

Eric P · « **Reply #18 on:** June 10, 2008, 03:50:24 PM »

i live above my means with books.

so many books

Phoenix Dark · « **Reply #19 on:** June 10, 2008, 03:52:11 PM »

depends on where you live. but 200k is definitely a good amount of money

Tauntaun · « **Reply #20 on:** June 10, 2008, 03:52:15 PM »

Quote from: Genghis Cohen on June 10, 2008, 03:38:59 PM

New Yorkers are base sodomites, so they should be taxed accordingly.

SUCK MY BUTT!

Crushed · « **Reply #21 on:** June 10, 2008, 03:53:29 PM »

Quote from: Tauntaun on June 10, 2008, 03:52:15 PM

Quote from: Genghis Cohen on June 10, 2008, 03:38:59 PM
New Yorkers are base sodomites, so they should be taxed accordingly.

SUCK MY BUTT!

That proves that you're a sodomite, doesn't it?

patrickula · « **Reply #22 on:** June 10, 2008, 03:54:50 PM »

Quote from: Eric P on June 10, 2008, 03:48:58 PM

i think the term is the working poor.

and hey, arlington. could be worse

could be fairfax

I like it pretty well here. For what it costs to live around here, you'd expect as much!

Eric P · « **Reply #23 on:** June 10, 2008, 03:56:07 PM »

yeah, alexandria isn't too bad. close enough to the city with out many of the city issues.

you know any good comic shops up near you? down here we just have aftertime comics and if i'm looking for capes, i'm set, but that's all they really carry

Tauntaun · « **Reply #24 on:** June 10, 2008, 03:57:01 PM »

Quote from: Crushed on June 10, 2008, 03:53:29 PM

Quote from: Tauntaun on June 10, 2008, 03:52:15 PM
Quote from: Genghis Cohen on June 10, 2008, 03:38:59 PM
New Yorkers are base sodomites, so they should be taxed accordingly.

SUCK MY BUTT!
That proves that you're a sodomite, doesn't it?

er....Suck...MY TOES!

Howard Alan Treesong · « **Reply #25 on:** June 10, 2008, 04:06:51 PM »

Quote from: Eric P on June 10, 2008, 03:50:24 PM

i live above my means with books.

so many books

When I get a little money I buy books; and if any is left I buy food and clothes. - Erasmus

patrickula · « **Reply #26 on:** June 10, 2008, 04:12:07 PM »

Quote from: Eric P on June 10, 2008, 03:56:07 PM

yeah, alexandria isn't too bad. close enough to the city with out many of the city issues.

you know any good comic shops up near you? down here we just have aftertime comics and if i'm looking for capes, i'm set, but that's all they really carry

Is Aftertime the place on King Street that's about the size of a walk-in closet? Neat shop. I haven't been to any in Arlington (doesn't seem like there are any very near me anyway), but there's a good shop in Georgetown called Big Planet Comics. They seem to focus on bound books more than floppies and toys. There is a lot of superhero stuff, but it's big enough that there's more to it. I haven't noticed any absences when I've been browsing there, though I'm probably not all that familiar with too much stuff off the beaten path.
http://www.bigplanetcomics.com/ is their site, I might have to stop in for their July 4th sale. 20% off ain't bad. I will definitely be walking there on the fourth though

BTW further local yokel discussion of this nature might as well be done in PMs, this thread is for class warfare

GilloD · « **Reply #27 on:** June 10, 2008, 04:12:38 PM »

200k isn't rich?

What fucking planet are these people on?

Tauntaun · « **Reply #28 on:** June 10, 2008, 04:14:00 PM »

Quote from: GilloD on June 10, 2008, 04:12:38 PM

200k isn't rich? What fucking planet are these people on?

They're on Planet Abrader.

Eric P · « **Reply #29 on:** June 10, 2008, 04:15:08 PM »

Quote from: patrickula on June 10, 2008, 04:12:07 PM

Quote from: Eric P on June 10, 2008, 03:56:07 PM
yeah, alexandria isn't too bad. close enough to the city with out many of the city issues.

you know any good comic shops up near you? down here we just have aftertime comics and if i'm looking for capes, i'm set, but that's all they really carry
Is Aftertime the place on King Street that's about the size of a walk-in closet? Neat shop. I haven't been to any in Arlington (doesn't seem like there are any very near me anyway), but there's a good shop in Georgetown called Big Planet Comics. They seem to focus on bound books more than floppies and toys. There is a lot of superhero stuff, but it's big enough that there's more to it. I haven't noticed any absences when I've been browsing there, though I'm probably not all that familiar with too much stuff off the beaten path.
http://www.bigplanetcomics.com/ is their site, I might have to stop in for their July 4th sale. 20% off ain't bad. I will definitely be walking there on the fourth though

BTW further local yokel discussion of this nature might as well be done in PMs, this thread is for class warfare

i am an icon

the plebes must suffer my petty amusements

patrickula · « **Reply #30 on:** June 10, 2008, 04:16:43 PM »

Quote from: Eric P on June 10, 2008, 04:15:08 PM

i am an icon

the plebes must suffer my petty amusements

OH SHIT I didn't even realize I was talking to an icon

Carry on then.

Tauntaun · « **Reply #31 on:** June 10, 2008, 04:17:26 PM »

Quote from: Eric P on June 10, 2008, 04:15:08 PM

i am an icon

the plebes must suffer my petty amusements

Oh yeah? Well, the dude in your avatar look like the Love Guru.

spoiler (click to show/hide)

AND I'll be seeing that movie when it comes out!

[close]

Positive Touch · « **Reply #32 on:** June 10, 2008, 04:19:21 PM »

if 200k still isn't rich, then i'm at like ethiopian-level poverty :'(

MrAngryFace · « **Reply #33 on:** June 10, 2008, 04:46:05 PM »

Quote from: Eric P on June 10, 2008, 03:50:24 PM

i live above my means with books.

so many books

Books rock, I am trying to get back into them.

hyp · « **Reply #34 on:** June 10, 2008, 05:02:45 PM »

Quote from: Genghis Cohen on June 10, 2008, 03:08:02 PM

Not where I live.

.

:siliconvalleycry

abrader · « **Reply #35 on:** June 10, 2008, 05:11:39 PM »

The most I ever made per year in my life is $220,000 (salary from job - not including investments, etc..)

I must say that when I was bringing in that kinda cash from my 40 hr/week gig I felt very rich... I really didnt ever think about how much money i was spending on anything because i could never spend it all....

By the time i move back to cali i will be collecting well more than that from investments - so the times of GOLD will return.

Now-a-days im more like a <$190K year guy and I STILL never meet anyone that can really hang with me.

Having said that - I think if a mate can bust over 100K in todays economy they should be considered 'rich'

abrader · « **Reply #36 on:** June 10, 2008, 05:13:01 PM »

I also pay a buttfuck truckload in taxes and get very pissed to see the money not being used appropriately at the federal level.

siamesedreamer · « **Reply #37 on:** June 10, 2008, 05:13:54 PM »

Semantics aside, the $200k cut off for the upper bracket is way too low. Should be closer to $400-500K.

Hell, I'd even be in favor of an "uber-rich tax bracket" for those making $1 million+.

abrader · « **Reply #38 on:** June 10, 2008, 05:15:00 PM »

100% agreed

Smooth Groove · « **Reply #39 on:** June 10, 2008, 06:55:42 PM »

$:-\$

What's my motivation now to continue my education?

Smooth Groove · « **Reply #40 on:** June 10, 2008, 07:06:14 PM »

Quote from: Forgotten Ancient on June 10, 2008, 06:59:46 PM

Same thing as always?

Right. I do it for the kids.

Mandark · « **Reply #41 on:** June 10, 2008, 07:25:04 PM »

Remember the S-CHIP debate, where the GOP didn't want money going to pay for children's healthcare for families who made over what, $80k? Cause they were so financially comfortable?

Yeesh.

APF · « **Reply #42 on:** June 10, 2008, 07:50:21 PM »

What public office does Maria Bartiromo hold again?

siamesedreamer · « **Reply #43 on:** June 10, 2008, 09:06:22 PM »

Quote from: APF on June 10, 2008, 07:50:21 PM

What public office does Maria Bartiromo hold again?

Secretary of Hot and Sexy

APF · « **Reply #44 on:** June 10, 2008, 09:07:18 PM »

I'd like to enter her tax bracket!

Flannel Boy · « **Reply #45 on:** June 10, 2008, 10:02:09 PM »

Quote from: siamesedreamer on June 10, 2008, 09:06:22 PM

Quote from: APF on June 10, 2008, 07:50:21 PM
What public office does Maria Bartiromo hold again?

Secretary of Hot and Sexy

Quote from: APF on June 10, 2008, 09:07:18 PM

I'd like to enter her tax bracket!

T234 · « **Reply #46 on:** June 10, 2008, 11:19:14 PM »

$6,734 is what I made last year.

Akala · « **Reply #47 on:** June 10, 2008, 11:45:13 PM »

This thread makes me feel middle class.

xnikki118x · « **Reply #48 on:** June 11, 2008, 12:21:33 AM »

My parents have three jobs between them and make less than 100k combined. I think they make upwards of 90k, but still less than six figures.

200k is really fucking rich to me.

Oblivion · « **Reply #49 on:** June 11, 2008, 01:10:44 AM »

I can sorta understand how that might not be so much if you're in New York or Beverly Hills, but fuck, I'd happily take that shit in a heartbeat!

xnikki118x · « **Reply #50 on:** June 11, 2008, 01:20:16 AM »

Quote from: Oblivion on June 11, 2008, 01:10:44 AM

I can sorta understand how that might not be so much if you're in New York or Beverly Hills, but fuck, I'd happily take that shit in a heartbeat!

Haha exactly, me too.

But then again, I just got a BS in psychology; if someone offers me a job starting at 30k a year I'm going to be like OMG WOW!

Third · « **Reply #51 on:** June 11, 2008, 09:22:27 AM »

200k a year isn't rich. It's wealthy.

What Oprah or Bill Gates earn, that's rich.

Tauntaun · « **Reply #52 on:** June 11, 2008, 10:25:24 AM »

Quote from: Oblivion on June 11, 2008, 01:10:44 AM

I can sorta understand how that might not be so much if you're in New York or Beverly Hills, but fuck, I'd happily take that shit in a heartbeat!

IDK man, I'm in NY and if I was making 200k a year I'd feel filthy rich.

APF · « **Reply #53 on:** June 11, 2008, 10:29:38 AM »

Wealthy means more than a salary--it also means possession of property, an absence of debt, etc. My ex-GF made literally twice as much as me, but due to unfortunate circumstances had a lot of debt she was paying off; this meant that in practical terms, I was more "wealthy"--I had more money I could spend, more I could invest, etc. Still, it was weird having to loan her money every once in a while when she overextended her bank account.

MrAngryFace · « **Reply #54 on:** June 11, 2008, 11:12:15 AM »

I think it more often means loan debt from schooling than it meens property possession. The idea that we MUST own property is silly.

Human Snorenado · « **Reply #55 on:** June 11, 2008, 11:37:47 AM »

I make about 30k, but have very little in expenses anymore because I just don't buy shit. That and I house/dog sit for a friend that works in Asia about 340 days a year.

But since I'm freelance I have to figure out my own taxes every year, which sucks. But oh well, the benefits outweigh the hassle imo.

MrAngryFace · « **Reply #56 on:** June 11, 2008, 11:40:25 AM »

self control! lord knows I need it :/

Human Snorenado · « **Reply #57 on:** June 11, 2008, 12:07:03 PM »

Quote from: MultiPass on June 11, 2008, 11:40:25 AM

self control! lord knows I need it :/

lolz, it's all about environment in my case. I have like two friends here in Wilmington, and we like to cook dinner at home occasionally and watch tv series on dvd, in addition to doing volunteering shit for the Humane Society and the Obama campaign. Back in Atlanta, all of my friends are alcoholics that like to go out to eat. Basically they're nice people but they're a fucking money pit. I could spend more in one week with those fuckers than I do in a month or so in Wilmington.

Shuri · « **Reply #58 on:** June 11, 2008, 05:30:07 PM »

my life style completly changed in the past 6 months.

I used to spend a fuckload of money on various shit like videogames, dvds and so on. I realised I had too many 50$ games sleeping on my shelves. One morning I realised how foolish it was; I turned around and sold all of them on ebay, and gave the money to a local place that trains dogs for blind and disabled people. I got around 400$.

I got an online game rental account (like netflix but canadian), and the amount of money I save is insane. Same thing for dvds such stuff.

It's pretty crazy how videogames is an expensive hobby when you really get into it like most of us are, I mean, most of us are people who buy 2-3 games a month, and it adds up real quick.

APF · « **Reply #59 on:** June 11, 2008, 07:21:21 PM »

Quote from: MultiPass on June 11, 2008, 11:12:15 AM

I think it more often means loan debt from schooling than it meens property possession. The idea that we MUST own property is silly.

Property can easily mean any solid investment or asset I guess. Who would you consider wealthier, of two people with the same salaries: the person who, like me, spends all his money on coke and prostitutes, or the person who saves and invests that money?

News:

Author Topic: 200k a year isn't rich! (Read 6718 times)